Chesapeake Energy Co. (NYSE:CHK) – Research analysts at SunTrust Banks decreased their Q3 2018 EPS estimates for shares of Chesapeake Energy in a research note issued on Monday, September 24th. SunTrust Banks analyst N. Dingmann now expects that the oil and gas exploration company will post earnings per share of $0.11 for the quarter, down from their previous forecast of $0.16. SunTrust Banks currently has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Chesapeake Energy’s Q4 2018 earnings at $0.10 EPS, FY2018 earnings at $0.71 EPS, FY2019 earnings at $0.56 EPS and FY2020 earnings at $0.66 EPS.
CHK has been the subject of several other research reports. Zacks Investment Research raised Chesapeake Energy from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Friday, July 20th. ValuEngine cut Chesapeake Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. Bank of America raised Chesapeake Energy from an “underperform” rating to a “neutral” rating and increased their price target for the company from $4.00 to $6.00 in a report on Friday, July 27th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a report on Friday, July 20th. Finally, Citigroup cut their price target on Chesapeake Energy from $5.00 to $2.00 and set a “sell” rating for the company in a report on Monday, June 25th. Eight analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $4.50.
NYSE:CHK opened at $4.40 on Thursday. Chesapeake Energy has a one year low of $2.53 and a one year high of $5.60. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of -5.17. The company has a market capitalization of $4.21 billion, a P/E ratio of 5.08, a P/E/G ratio of 0.56 and a beta of 1.86.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas exploration company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Chesapeake Energy had a negative return on equity of 46.15% and a net margin of 6.16%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of the stock. Greylin Investment Mangement Inc. grew its position in Chesapeake Energy by 3.0% in the second quarter. Greylin Investment Mangement Inc. now owns 405,685 shares of the oil and gas exploration company’s stock worth $2,126,000 after acquiring an additional 11,810 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of Chesapeake Energy during the second quarter worth $2,465,000. Arizona State Retirement System boosted its position in shares of Chesapeake Energy by 2.9% during the second quarter. Arizona State Retirement System now owns 633,053 shares of the oil and gas exploration company’s stock worth $3,317,000 after buying an additional 18,053 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Chesapeake Energy by 93.5% during the second quarter. Tower Research Capital LLC TRC now owns 37,832 shares of the oil and gas exploration company’s stock worth $199,000 after buying an additional 18,277 shares during the period. Finally, North Star Asset Management Inc. boosted its position in shares of Chesapeake Energy by 2.2% during the second quarter. North Star Asset Management Inc. now owns 932,546 shares of the oil and gas exploration company’s stock worth $4,887,000 after buying an additional 20,150 shares during the period. Institutional investors own 57.34% of the company’s stock.
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 Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.
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