Q3 2018 EPS Estimates for Chesapeake Energy Co. (CHK) Increased by Analyst

Chesapeake Energy Co. (NYSE:CHK) – Equities researchers at Seaport Global Securities upped their Q3 2018 earnings per share estimates for Chesapeake Energy in a note issued to investors on Tuesday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings per share of $0.15 for the quarter, up from their prior forecast of $0.10. Seaport Global Securities also issued estimates for Chesapeake Energy’s Q4 2018 earnings at $0.15 EPS.

A number of other brokerages have also weighed in on CHK. Piper Jaffray Companies set a $4.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Credit Suisse Group started coverage on shares of Chesapeake Energy in a report on Monday, December 11th. They issued an “underperform” rating and a $3.00 price objective for the company. Scotiabank restated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a report on Friday, November 3rd. BMO Capital Markets set a $3.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Barclays boosted their price objective on shares of Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy has an average rating of “Hold” and a consensus price target of $5.51.

Shares of Chesapeake Energy (NYSE CHK) traded up $0.17 during midday trading on Thursday, reaching $3.78. 24,255,700 shares of the company were exchanged, compared to its average volume of 34,116,211. Chesapeake Energy has a 52 week low of $3.41 and a 52 week high of $7.65. The stock has a market cap of $3,280.36, a price-to-earnings ratio of 6.02 and a beta of 2.13. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53.

Chesapeake Energy (NYSE:CHK) last released its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The firm had revenue of $979.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue was down 16.8% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Chesapeake Energy by 19.3% during the 2nd quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock valued at $540,542,000 after acquiring an additional 17,615,861 shares during the period. State Street Corp grew its position in shares of Chesapeake Energy by 9.1% during the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after acquiring an additional 3,982,812 shares during the period. Northern Trust Corp grew its position in shares of Chesapeake Energy by 5.6% during the 2nd quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock valued at $40,850,000 after acquiring an additional 433,272 shares during the period. Bank of New York Mellon Corp boosted its holdings in Chesapeake Energy by 6.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,218 shares of the oil and gas exploration company’s stock worth $29,172,000 after buying an additional 402,974 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Chesapeake Energy by 55.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,181,585 shares of the oil and gas exploration company’s stock worth $26,581,000 after buying an additional 2,208,035 shares during the period. 63.98% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for Chesapeake Energy (NYSE:CHK)

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