Chesapeake Energy Co. (NASDAQ:CHK) – Equities research analysts at Seaport Res Ptn increased their FY2021 EPS estimates for shares of Chesapeake Energy in a research report issued to clients and investors on Wednesday, May 12th. Seaport Res Ptn analyst N. Pope now expects that the company will post earnings of $6.57 per share for the year, up from their previous estimate of $6.53. Seaport Res Ptn also issued estimates for Chesapeake Energy’s Q1 2022 earnings at $1.11 EPS, Q2 2022 earnings at $0.75 EPS, Q3 2022 earnings at $0.72 EPS, Q4 2022 earnings at $0.80 EPS and FY2022 earnings at $3.38 EPS.
A number of other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Chesapeake Energy in a research note on Wednesday, February 17th. They set an “overweight” rating and a $54.00 price objective on the stock. Wolfe Research began coverage on shares of Chesapeake Energy in a research note on Thursday, March 11th. They set an “outperform” rating on the stock. Royal Bank of Canada lifted their price objective on shares of Chesapeake Energy from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Chesapeake Energy in a report on Monday, April 5th.
Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Monday, May 10th. The company reported $14.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $12.64.
A number of institutional investors and hedge funds have recently modified their holdings of CHK. Hohimer Wealth Management LLC purchased a new position in Chesapeake Energy in the 1st quarter worth about $1,849,000. Calamos Advisors LLC purchased a new position in Chesapeake Energy in the 1st quarter worth about $735,000. Deltec Asset Management LLC purchased a new position in Chesapeake Energy in the 1st quarter worth about $416,000. CarVal Investors LP purchased a new position in Chesapeake Energy in the 1st quarter worth about $115,974,000. Finally, Victory Capital Management Inc. purchased a new position in Chesapeake Energy in the 1st quarter worth about $10,377,000.
The company also recently announced a Not Available dividend, which will be paid on Thursday, June 10th. Investors of record on Monday, May 24th will be issued a dividend of $1.375 per share. The ex-dividend date of this dividend is Friday, May 21st.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; and Powder River Basin in Wyoming.
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