Published: Sun, April 22, 2018
Business | By Tara Barton

SunTrust Banks Analysts Boost Earnings Estimates for Chesapeake Energy Co. (CHK)


Finally, Teachers Advisors LLC boosted its stake in shares of Chesapeake Energy by 2.0% during the 4th quarter. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.05. Stuyvesant Capital Management who had been investing in Chesapeake Energy Corp for a number of months, seems to be less bullish one the $2.69B market cap company. The stock decreased 0.99% or $0.03 during the last trading session, reaching $3. About 22.83 million shares traded.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on May, 3. It has underperformed by 26.49% the S&P500. Schneider Capital Management Corp bought 4.57 million shares as the company's stock declined 23.38% with the market. The institutional investor owned 117,948 shares of the oil and gas exploration company's stock after buying an additional 21,385 shares during the period. Paradigm Financial Advisors Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $241.07B market cap company. The stock increased 3.93% or $0.55 during the last trading session, reaching $14.54. It has outperformed by 25.88% the S&P500. Chesapeake Energy Corporation (NYSE:CHK) has declined 42.83% since April 22, 2017 and is downtrending. Therefore 83% are positive. The firm earned "Underweight" rating on Wednesday, October 11 by Barclays Capital. The firm has "Sector Perform" rating given on Tuesday, November 14 by RBC Capital Markets. RBC Capital Markets has "Buy" rating and $6000 target. Bank of America maintained it with "Buy" rating and $106 target in Thursday, February 1 report. The rating was upgraded by Scotia Capital on Friday, May 26 to "Buy".

Among 55 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 4 Sell and 15 Hold. After $0.98 actual earnings per share reported by Merck & Co., Inc. for the previous quarter, Wall Street now forecasts 1.02% EPS growth.

Chesapeake Energy Corp (CHK) investors sentiment decreased to 1.04 in 2017 Q4. Its down 0.34, from 1.17 in 2017Q3. It worsened, as 44 investors sold CHK shares while 110 reduced holdings.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 548.86 million shares or 4.62% less from 575.42 million shares in 2017Q3 were reported. M&T National Bank owns 0% invested in Chesapeake Energy Corporation (NYSE:CHK) for 15,323 shares. Private Wealth Ptnrs Limited Liability holds 2.62% or 251,890 shares in its portfolio. Kepos Capital Limited Partnership reported 50,264 shares. The oil and gas exploration company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Hsbc Public Ltd Liability has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Florida-based Dreman Value L L C has invested 0% in Chesapeake Energy Corporation (NYSE:CHK). Royal Bank of Canada reaffirmed a "hold" rating and set a $7.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, April 25th. Wasatch Inc owns 13,854 shares or 0% of their United States portfolio. 10,506 were accumulated by Lombard Odier Asset Mngmt (Europe). Howe & Rusling, a New York-based fund reported 350 shares.

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Corda Investment Management Llc, which manages about $545.28 million and $834.28M US Long portfolio, decreased its stake in Coca Cola Co Com (NYSE:KO) by 18,578 shares to 592,919 shares, valued at $27.20 million in 2017Q4, according to the filing. Nuveen Asset Llc has 0% invested in Chesapeake Energy Corporation (NYSE:CHK). (NYSE:FBC) by 129,408 shares in the quarter, leaving it with 11,463 shares, and cut its stake in Aviat Networks Inc. The rating was maintained by UBS with "Buy" on Friday, August 19. Therefore 65% are positive. Inc. had 88 analyst reports since August 13, 2015 according to SRatingsIntel. RBC Capital Markets has "Hold" rating and $4600 target. On Tuesday, June 13 the stock rating was maintained by Jefferies with "Sell". On Friday, October 21 the stock rating was maintained by UBS with "Sell". (NYSE:MRK) for 6.56 million shares. The company was maintained on Wednesday, April 12 by Cowen & Co. The rating was upgraded by Wunderlich to "Buy" on Friday, September 9. Jefferies downgraded the stock to "Underperform" rating in Monday, December 19 report.

Since October 30, 2017, it had 0 insider buys, and 6 insider sales for $11.41 million activity. Smith Stacy J sold $20.89 million worth of stock or 472,337 shares. The insider Bryant Diane M sold 2,119 shares worth $87,011. Envestnet Asset holds 0% or 1,353 shares. McBride Kevin Thomas had sold 686 shares worth $31,943 on Wednesday, February 21. Shenoy Navin also sold $436,410 worth of Intel Corporation (NASDAQ:INTC) on Friday, February 23.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.21, from 1.25 in 2017Q3. It turned negative, as 156 investors sold CELG shares while 478 reduced holdings. 59 funds opened positions while 257 raised stakes. Plante Moran Ltd Liability Com reported 2,529 shares. Overbrook Corp holds 0.1% in Intel Corporation (NASDAQ:INTC) or 10,385 shares. Hoertkorn Richard Charles reported 1.04% stake. Utah Retirement owns 877,482 shares. First Citizens Bankshares And Tru owns 131,895 shares for 1.52% of their portfolio. Meeder Asset Mngmt Incorporated stated it has 0.06% in SunTrust Banks, Inc. Stifel Fin invested 1.46% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Cornerstone Advsr stated it has 0.02% in Graco Inc. The Ohio-based Bartlett & Company Lc has invested 0.01% in Celgene Corporation (NASDAQ:CELG). 75,293 were accumulated by Delta Capital Limited Liability. Lincoln holds 0% or 40,848 shares in its portfolio. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -4.86.

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