FY2017 EPS Estimates for Chesapeake Energy Co. (NYSE:CHK) Boosted by Jefferies Group

Chesapeake Energy Co. (NYSE:CHK) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of Chesapeake Energy in a note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst M. Lear now expects that the oil and gas exploration company will post earnings of $0.68 per share for the year, up from their previous forecast of $0.65. Jefferies Group has a “Underperform” rating and a $2.00 price target on the stock. Jefferies Group also issued estimates for Chesapeake Energy’s Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.22 EPS, FY2018 earnings at $0.98 EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.32 EPS and FY2019 earnings at $1.37 EPS.

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

Several other brokerages have also recently weighed in on CHK. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the company a “hold” rating in a research report on Thursday, October 19th. Credit Suisse Group started coverage on Chesapeake Energy in a research report on Monday, December 11th. They set an “underperform” rating and a $3.00 price target on the stock. Scotiabank reiterated a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a research report on Friday, November 3rd. ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, BMO Capital Markets set a $3.00 price target on Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.15.

Shares of Chesapeake Energy (NYSE:CHK) traded up $0.09 on Friday, hitting $4.28. The stock had a trading volume of 33,177,610 shares, compared to its average volume of 28,780,000. Chesapeake Energy has a 12-month low of $3.41 and a 12-month high of $7.29. The company has a market capitalization of $3,890.00, a PE ratio of -7.38 and a beta of 2.16. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53.

Several hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in Chesapeake Energy by 97.7% during the second quarter. Janney Montgomery Scott LLC now owns 68,864 shares of the oil and gas exploration company’s stock valued at $342,000 after acquiring an additional 34,027 shares during the last quarter. Retirement Systems of Alabama grew its position in Chesapeake Energy by 0.4% during the second quarter. Retirement Systems of Alabama now owns 369,833 shares of the oil and gas exploration company’s stock valued at $1,838,000 after acquiring an additional 1,623 shares during the last quarter. TD Asset Management Inc. grew its position in Chesapeake Energy by 10.3% during the second quarter. TD Asset Management Inc. now owns 239,198 shares of the oil and gas exploration company’s stock valued at $1,189,000 after acquiring an additional 22,400 shares during the last quarter. Cigna Investments Inc. New grew its position in Chesapeake Energy by 0.9% during the second quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock valued at $153,000 after acquiring an additional 281 shares during the last quarter. Finally, Arizona State Retirement System grew its position in Chesapeake Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 189,193 shares of the oil and gas exploration company’s stock valued at $940,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 63.98% of the company’s stock.

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About Chesapeake Energy

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.

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