Chesapeake Energy Co. Expected to Earn FY2018 Earnings of $0.82 Per Share (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Stock analysts at SunTrust Banks decreased their FY2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research note issued on Wednesday. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will post earnings per share of $0.82 for the year, down from their prior forecast of $0.85. SunTrust Banks currently has a “Buy” rating and a $6.00 price target on the stock.

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

Several other research firms have also recently weighed in on CHK. ValuEngine raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reaffirmed a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, September 29th. Jefferies Group cut shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $4.00 to $2.00 in a research report on Monday, October 9th. BMO Capital Markets set a $4.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 9th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $5.15.

Shares of Chesapeake Energy (CHK) opened at $4.28 on Friday. Chesapeake Energy has a 52-week low of $3.41 and a 52-week high of $7.29. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $3,889.18, a PE ratio of 7.13 and a beta of 2.13.

Several hedge funds have recently bought and sold shares of the company. Gofen & Glossberg LLC IL bought a new position in shares of Chesapeake Energy in the third quarter worth about $390,000. Highbridge Capital Management LLC increased its stake in shares of Chesapeake Energy by 91.1% in the third quarter. Highbridge Capital Management LLC now owns 419,050 shares of the oil and gas exploration company’s stock valued at $1,802,000 after buying an additional 199,750 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Chesapeake Energy by 22.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 155,885 shares of the oil and gas exploration company’s stock valued at $669,000 after buying an additional 28,190 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in shares of Chesapeake Energy by 20.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 791,989 shares of the oil and gas exploration company’s stock valued at $3,405,000 after buying an additional 134,861 shares during the period. Finally, Old West Investment Management LLC increased its stake in shares of Chesapeake Energy by 96.3% in the third quarter. Old West Investment Management LLC now owns 2,157,554 shares of the oil and gas exploration company’s stock valued at $9,277,000 after buying an additional 1,058,477 shares during the period. 63.98% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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