Chesapeake Energy (NYSE:CHK) – Equities researchers at Imperial Capital upped their FY2018 earnings per share estimates for shares of Chesapeake Energy in a research note issued on Tuesday, April 24th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will earn $0.76 per share for the year, up from their prior forecast of $0.74.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $1.26 billion. Chesapeake Energy had a net margin of 9.73% and a negative return on equity of 32.26%. Chesapeake Energy’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share.

A number of other research analysts have also commented on CHK. ValuEngine lowered shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. SunTrust Banks restated a “buy” rating and issued a $6.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. Piper Jaffray restated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research note on Tuesday, January 9th. Mizuho lowered shares of Chesapeake Energy from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $4.28 to $8.00 in a research note on Tuesday, January 16th. Finally, Sanford C. Bernstein restated a “hold” rating on shares of Chesapeake Energy in a research note on Friday, February 23rd. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Chesapeake Energy currently has an average rating of “Hold” and a consensus target price of $4.58.

NYSE CHK opened at $2.95 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of -4.86. The firm has a market capitalization of $2,745.91, a price-to-earnings ratio of 3.60 and a beta of 1.79. Chesapeake Energy has a one year low of $2.53 and a one year high of $5.87.

A number of hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its holdings in Chesapeake Energy by 21.5% during the fourth quarter. Guggenheim Capital LLC now owns 11,511,578 shares of the oil and gas exploration company’s stock worth $45,586,000 after buying an additional 2,035,111 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Chesapeake Energy by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 10,624,320 shares of the oil and gas exploration company’s stock worth $42,009,000 after buying an additional 376,710 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Chesapeake Energy by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 9,531,633 shares of the oil and gas exploration company’s stock worth $37,745,000 after buying an additional 50,413 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Chesapeake Energy by 5.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock worth $25,933,000 after buying an additional 367,150 shares in the last quarter. Finally, Creative Planning boosted its holdings in Chesapeake Energy by 58.0% during the fourth quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company’s stock worth $6,978,000 after buying an additional 646,642 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

About Chesapeake Energy

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.

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

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