Chesapeake Energy Co. (NYSE:CHK) – Equities research analysts at Seaport Global Securities increased their Q3 2018 earnings per share (EPS) estimates for Chesapeake Energy in a research note issued on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will post earnings of $0.15 per share for the quarter, up from their previous estimate of $0.10. Seaport Global Securities also issued estimates for Chesapeake Energy’s Q4 2018 earnings at $0.15 EPS.
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 for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the business posted $0.09 EPS. The business’s revenue was down 16.8% compared to the same quarter last year.
CHK has been the subject of a number of other reports. Jefferies Group downgraded Chesapeake Energy from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $4.00 to $2.00 in a report on Monday, October 9th. Barclays increased their price target on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. ValuEngine downgraded Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Scotiabank reiterated a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. 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 issued a strong buy rating to the stock. Chesapeake Energy currently has a consensus rating of “Hold” and an average price target of $5.15.
Shares of Chesapeake Energy (NYSE CHK) opened at $4.28 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy has a 1-year low of $3.41 and a 1-year high of $7.29. The firm has a market capitalization of $3,890.00, a PE ratio of -7.38 and a beta of 2.16.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gofen & Glossberg LLC IL bought a new position in Chesapeake Energy in the 3rd quarter valued at about $390,000. Highbridge Capital Management LLC lifted its position in Chesapeake Energy by 91.1% in the 3rd 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 acquiring an additional 199,750 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its position in Chesapeake Energy by 22.1% in the 3rd 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 acquiring an additional 28,190 shares in the last quarter. Chevy Chase Trust Holdings Inc. lifted its position in Chesapeake Energy by 20.5% in the 3rd 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 acquiring an additional 134,861 shares in the last quarter. Finally, Old West Investment Management LLC lifted its position in Chesapeake Energy by 96.3% in the 3rd 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 acquiring an additional 1,058,477 shares in the last quarter. 63.98% of the stock is currently owned by institutional investors and hedge funds.
Chesapeake Energy Company Profile
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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