SunTrust Banks restated their buy rating on shares of Chesapeake Energy (NYSE:CHK) in a report issued on Wednesday, January 3rd. They currently have a $6.00 target price on the oil and gas exploration company’s stock. SunTrust Banks also issued estimates for Chesapeake Energy’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.65 EPS, FY2018 earnings at $0.85 EPS, FY2019 earnings at $1.11 EPS and FY2020 earnings at $1.20 EPS.

Several other equities research analysts also recently commented on CHK. ValuEngine downgraded Chesapeake Energy from a buy rating to a hold rating in a report on Sunday, December 31st. Credit Suisse Group initiated coverage on Chesapeake Energy in a research note on Monday, December 11th. They issued an underperform rating and a $3.00 price objective for the company. Scotiabank set a $4.00 target price on Chesapeake Energy and gave the stock a hold rating in a research report on Wednesday, November 22nd. BMO Capital Markets set a $4.00 target price on Chesapeake Energy and gave the stock a hold rating in a research report on Tuesday, November 14th. Finally, Piper Jaffray Companies set a $4.00 price objective on Chesapeake Energy and gave the company a hold rating in a report on Thursday, October 19th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $5.29.

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Shares of Chesapeake Energy (NYSE CHK) opened at $3.88 on Wednesday. The firm has a market capitalization of $3,634.74, a P/E ratio of -11.41 and a beta of 2.13. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. Chesapeake Energy has a twelve month low of $3.41 and a twelve month high of $6.86.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The firm had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the business earned $0.09 EPS. The firm’s revenue was down 16.8% on a year-over-year basis. sell-side analysts predict that Chesapeake Energy will post 0.77 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Chesapeake Energy by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after acquiring an additional 164 shares during the last quarter. Exencial Wealth Advisors LLC increased its position in shares of Chesapeake Energy by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after acquiring an additional 226 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Chesapeake Energy by 3.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 33,055 shares of the oil and gas exploration company’s stock valued at $164,000 after acquiring an additional 1,100 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Chesapeake Energy by 3.2% in the second quarter. Private Advisor Group LLC now owns 38,263 shares of the oil and gas exploration company’s stock valued at $178,000 after acquiring an additional 1,195 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Chesapeake Energy by 4.2% in the second quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 63.79% of the company’s stock.

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Chesapeake Energy Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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