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A number of other brokerages have also recently issued reports on CHK. Stifel Nicolaus began coverage on Chesapeake Energy Corporation in a research report on Thursday, March 23rd. SunTrust Banks, Inc. reiterated a "buy" rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. ValuEngine raised shares of Chesapeake Energy Corporation from a "hold" rating to a "buy" rating in a research report on Thursday, May 11th. Vetr cut Chesapeake Energy Corporation from a "strong-buy" rating to a "buy" rating and set a $5.23 price target for the company.in a report on Monday. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of "Hold" and a consensus target price of $6.80. Volume on the day was 21.98 million shares. After $1.17 actual earnings per share reported by Chesapeake Utilities Corporation for the previous quarter, Wall Street now forecasts -52.99% negative EPS growth. The 50 day moving average was down $-0.26 or -5.11% and the 200 day average went down by -17.21%. That value represents a market adjusting for revenues that have been growing by 40.96 % on a quarterly year/year basis as of the company's last quarterly report.
Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, May 4th. The company reported the earnings of $0.23/Share in the last quarter where the estimated EPS by analysts was $0.18/share.
In case of Revenue Estimates, 8 analysts have provided their consensus Average Revenue Estimates for Chesapeake Energy Corporation as 2.31 Billion.
Chesapeake Energy Corporation (CHK) shows its Return on Assets (ROA) value of -30.6 percent, while the Return on Equity (ROE) value is 113.9 percent and Return on Investment (ROI) value stands at -56.9 percent. On average, equities analysts predict that Chesapeake Energy Corporation will post $0.84 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: "Chesapeake Energy Corporation (NYSE:CHK) Stake Increased by Vanguard Group Inc." was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was stolen and republished in violation of USA & worldwide trademark and copyright law. The shares were acquired at an average cost of $5.00 per share, with a total value of $375,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Chesapeake Energy Corporation (NYSE:CHK) Director R Brad Martin purchased 20,400 shares of Chesapeake Energy Corporation stock in a transaction on Friday, June 23rd. Following the completion of the acquisition, the director now directly owns 501,958 shares in the company, valued at $2,640,299.08. The disclosure for this purchase can be found here.
Several hedge funds and other institutional investors have recently made changes to their positions in CHK. NY now owns 372,934 shares of the oil and gas exploration company's stock worth $2,618,000 after buying an additional 34,162 shares during the period. Utah-based Utah Retirement has invested 0.02% in Chesapeake Energy Corporation (NYSE:CHK). They now have a $5.23 price target on the oil and gas exploration company's stock. Cigna Investments Inc. New purchased a new stake in shares of Chesapeake Energy Corporation during the fourth quarter worth approximately $180,000. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company's stock valued at $111,000 after buying an additional 508 shares during the last quarter. The Jana Partners Llc holds 17.79M shares with $703.45 million value, up from 6.00M last quarter. Insiders have purchased a total of 115,400 shares of company stock valued at $573,020 in the last quarter. BMO Capital Markets restated a "hold" rating and issued a $3.00 price objective on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,730 shares of the oil and gas exploration company's stock valued at $300,000 after buying an additional 5,455 shares in the last quarter.
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids in the United States. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.