Chesapeake Energy Co. (NYSE:CHK) – Equities researchers at Seaport Global Securities increased their Q2 2018 EPS estimates for shares of Chesapeake Energy in a research report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.10. Seaport Global Securities also issued estimates for Chesapeake Energy’s Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.95 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.61 EPS.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. Chesapeake Energy had a net margin of 11.67% and a negative return on equity of 43.41%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was down 15.4% compared to the same quarter last year.

CHK has been the topic of several other research reports. ValuEngine lowered shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Citigroup lowered shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and boosted their price target for the company from $3.11 to $5.00 in a research report on Tuesday, April 17th. Stephens reissued a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Zacks Investment Research lowered shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $3.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Ten equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.58.

Chesapeake Energy opened at $4.55 on Friday, according to Marketbeat. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.68. The company has a debt-to-equity ratio of -5.27, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $4.23 billion, a PE ratio of 5.55 and a beta of 1.79.

Institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC grew its stake in Chesapeake Energy by 21.5% in the 4th 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. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Chesapeake Energy by 0.6% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,795,200 shares of the oil and gas exploration company’s stock worth $32,602,000 after buying an additional 59,400 shares in the last quarter. Geode Capital Management LLC grew its stake in Chesapeake Energy by 3.7% in the 4th 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 grew its stake in Chesapeake Energy by 0.5% in the 4th 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. Finally, Millennium Management LLC purchased a new position in Chesapeake Energy in the 1st quarter worth approximately $25,979,000. 58.17% of the stock is currently owned by institutional investors and hedge funds.

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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