Equities Analysts Issue Forecasts for Chesapeake Energy Co.’s Q1 2018 Earnings (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Equities research analysts at Capital One Financial upped their Q1 2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a report released on Thursday, April 12th. Capital One Financial analyst P. Johnston now expects that the oil and gas exploration company will post earnings of $0.20 per share for the quarter, up from their prior forecast of $0.19.

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A number of other analysts have also recently weighed in on the stock. Sanford C. Bernstein cut shares of Chesapeake Energy from a “market perform” rating to an “underperform” rating in a report on Monday, March 26th. Zacks Investment Research cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Wednesday, March 21st. Stephens restated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Piper Jaffray restated a “hold” rating and issued a $3.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Finally, UBS assumed coverage on shares of Chesapeake Energy in a research report on Wednesday, March 7th. They issued a “buy” rating and a $2.80 price target for the company. Nine equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $4.63.

Shares of NYSE:CHK opened at $3.11 on Monday. The company has a market cap of $2,855.02, a P/E ratio of 3.79 and a beta of 1.78. Chesapeake Energy has a 1-year low of $2.53 and a 1-year high of $5.91. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -4.86.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chesapeake Energy had a net margin of 9.73% and a negative return on equity of 32.26%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in the business. Guggenheim Capital LLC lifted its position 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. Geode Capital Management LLC lifted its position 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 lifted its position 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. Schwab Charles Investment Management Inc. lifted its position in Chesapeake Energy by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock worth $25,933,000 after buying an additional 367,150 shares in the last quarter. Finally, Creative Planning lifted its position in Chesapeake Energy by 58.0% in the 4th quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company’s stock worth $6,978,000 after buying an additional 646,642 shares in the last quarter. Institutional investors own 61.81% of the company’s stock.

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Chesapeake Energy Company Profile

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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