Chesapeake Energy Co. (NYSE:CHK) – Investment analysts at Seaport Global Securities raised their Q4 2017 earnings estimates for Chesapeake Energy in a research note issued to investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will post earnings per share of $0.23 for the quarter, up from their prior estimate of $0.16. Seaport Global Securities also issued estimates for Chesapeake Energy’s Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.14 EPS and FY2018 earnings at $0.62 EPS.
A number of other analysts have also issued reports on the company. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a research note on Thursday, October 19th. Jefferies Group lowered Chesapeake Energy from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. Credit Suisse Group initiated coverage on Chesapeake Energy in a research note on Monday, December 11th. They issued an “underperform” rating and a $3.00 price target on the stock. Barclays lifted their price target on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Finally, Scotiabank set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a research note on Wednesday, November 22nd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.15.
Shares of Chesapeake Energy (NYSE CHK) traded up $0.09 during trading hours on Friday, hitting $4.28. The stock had a trading volume of 33,152,900 shares, compared to its average volume of 28,780,000. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $3,890.00, a price-to-earnings ratio of -7.38 and a beta of 2.16. Chesapeake Energy has a 12-month low of $3.41 and a 12-month high of $7.29.
Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million for the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The business’s revenue was down 16.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share.
A number of large investors have recently bought and sold shares of CHK. Janney Montgomery Scott LLC raised its position in Chesapeake Energy by 97.7% in 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 purchasing an additional 34,027 shares during the period. Retirement Systems of Alabama raised its position in Chesapeake Energy by 0.4% in 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 purchasing an additional 1,623 shares during the period. TD Asset Management Inc. raised its position in Chesapeake Energy by 10.3% in 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 purchasing an additional 22,400 shares during the period. Cigna Investments Inc. New raised its position in Chesapeake Energy by 0.9% in 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 purchasing an additional 281 shares during the period. Finally, Arizona State Retirement System raised its position in Chesapeake Energy by 0.3% in 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 purchasing an additional 600 shares during the period. Institutional investors own 63.98% of the company’s stock.
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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