Chesapeake Energy Corporation (NYSE:CHK) – Capital One Financial Corporation cut their FY2016 earnings per share estimates for Chesapeake Energy Corporation in a report issued on Tuesday. Capital One Financial Corporation analyst P. Johnston now forecasts that the brokerage will post earnings of ($0.11) per share for the year, down from their prior forecast of ($0.08).

“FY2016 EPS Estimates for Chesapeake Energy Corporation Cut by Analyst (CHK)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at http://www.watchlistnews.com/fy2016-eps-estimates-for-chesapeake-energy-corporation-cut-by-analyst-chk/1121492.html.

CHK has been the subject of a number of other reports. Jefferies Group LLC raised shares of Chesapeake Energy Corporation from an “underperform” rating to a “hold” rating in a report on Tuesday, January 31st. Nomura raised shares of Chesapeake Energy Corporation from a “reduce” rating to a “neutral” rating and raised their target price for the company from $4.00 to $7.50 in a report on Friday, October 21st. Credit Suisse Group reissued a “hold” rating and issued a $7.00 target price on shares of Chesapeake Energy Corporation in a report on Sunday, February 5th. Bank of America Corporation raised shares of Chesapeake Energy Corporation from an “underperform” rating to a “neutral” rating and set a $10.00 target price for the company in a report on Friday, October 21st. Finally, FBR & Co reissued an “underperform” rating and issued a $5.00 target price on shares of Chesapeake Energy Corporation in a report on Wednesday, December 7th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $7.88.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 6.08 on Thursday. The stock’s market capitalization is $4.66 billion. Chesapeake Energy Corporation has a 52-week low of $1.90 and a 52-week high of $8.20. The stock has a 50 day moving average of $6.70 and a 200-day moving average of $6.48.

“FY2016 EPS Estimates for Chesapeake Energy Corporation Cut by Analyst (CHK)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at http://www.watchlistnews.com/fy2016-eps-estimates-for-chesapeake-energy-corporation-cut-by-analyst-chk/1121492.html.

Hedge funds have recently added to or reduced their stakes in the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Chesapeake Energy Corporation during the second quarter valued at $101,000. Advisor Partners LLC purchased a new stake in Chesapeake Energy Corporation during the third quarter valued at $104,000. National Planning Corp increased its stake in Chesapeake Energy Corporation by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,069 shares during the last quarter. Cleararc Capital Inc. increased its stake in Chesapeake Energy Corporation by 13.2% in the fourth quarter. Cleararc Capital Inc. now owns 18,119 shares of the oil and gas exploration company’s stock valued at $127,000 after buying an additional 2,117 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in Chesapeake Energy Corporation during the fourth quarter valued at $133,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

About Chesapeake Energy Corporation

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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