MetLife Investment Advisors LLC purchased a new position in shares of Chesapeake Energy during the fourth quarter worth $1,113,000.
Net income reported by Chesapeake Energy Corporation for the fourth quarter of the year came in at $334 million. Public Employees Retirement System of OH now owns 403,219 shares of the oil and gas exploration company's stock valued at $2,004,000 after acquiring an additional 126,910 shares during the period. Next Fincl Grp Incorporated has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Rhumbline Advisers now owns 1,548,526 shares of the oil and gas exploration company's stock valued at $6,132,000 after buying an additional 76,652 shares during the period. It also increased its holding in Electronic Arts Inc (NASDAQ:EA) by 25,372 shares in the quarter, for a total of 78,209 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST). Toronto Dominion Bank boosted its holdings in Chesapeake Energy by 23.0% in the third quarter.
The company now has an insider ownership of 0.6 Percent and Institutional ownership of 64.1 Percent. Keybank Association Oh has invested 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK).
CHK stock was up 18% as of Thursday morning. For the current quarter Chesapeake Energy Corp (NYSE:CHK) has high EPS estimates of $0.35 in contradiction of low EPS estimates of $0.11. The company maintains price to book ratio of 6.23 vs.an industry average at 4.12. It has a market cap of $2.5 Billion.
Shares of natural gas producer Chesapeake Energy soared 21.7% after the company reported better-than-expected fourth-quarter results on strong production gains and cost savings, and increased its forecast for 2018 production.
The company's net income available to shareholders was $309 million, or 33 cents per share, in the quarter to December 31, compared with a loss of $740 million, or 83 cents per share, a year earlier.
The total revenue for fourth quarter rose 25% to $ 2.52 billion from $ 2.02 billion in the same quarter past year.
For the current quarter, 27 analysts are projecting a mean EPS of $0.24/share.
The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher.
Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on February, 22 before the open. BMO Capital Markets maintained Chesapeake Energy Corporation (NYSE:CHK) on Tuesday, October 10 with "Hold" rating. Macquarie Research downgraded Chesapeake Energy Corporation (NYSE:CHK) on Wednesday, June 21 to "Underperform" rating. Sterne Agee CRT downgraded the stock to "Neutral" rating in Tuesday, November 17 report. The rating was maintained by Jefferies with "Hold" on Wednesday, July 19.
Among 32 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 9 Sell and 16 Hold. They issued an "underperform" rating and a $3.00 target price on the stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Week Herald and is owned by of Week Herald. If you are viewing this story on another domain, it was stolen and republished in violation of USA and global trademark and copyright law. The original version of this piece of content can be read at https://weekherald.com/2018/02/22/wealthfront-inc-cuts-position-in-chesapeake-energy-co-chk.html. National Planning Corp has 0.02% invested in Chesapeake Energy Corporation (NYSE:CHK). It operates in two divisions, Exploration and Production; and Marketing, Gathering, and Compression.
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.