Chesapeake Energy Co. (NYSE:CHK) – Research analysts at SunTrust Banks decreased their Q1 2018 earnings estimates for shares of Chesapeake Energy in a research report issued on Tuesday, April 17th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will post earnings of $0.27 per share for the quarter, down from their previous forecast of $0.28. SunTrust Banks has a “Buy” rating and a $6.00 price objective on the stock. SunTrust Banks also issued estimates for Chesapeake Energy’s Q2 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.18 EPS, FY2019 earnings at $0.63 EPS and FY2020 earnings at $0.85 EPS.
Several other research analysts have also commented on the company. Citigroup lowered Chesapeake Energy from a “neutral” rating to a “sell” rating and raised their price objective for the company from $3.11 to $5.00 in a research report on Tuesday. Sanford C. Bernstein lowered Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research report on Monday, March 26th. Zacks Investment Research lowered Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Stephens reissued a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research report on Thursday, March 15th. Finally, Piper Jaffray reissued a “hold” rating and issued a $3.00 price objective on shares of Chesapeake Energy in a research report on Thursday, March 15th. Ten equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.63.
NYSE:CHK opened at $3.04 on Wednesday. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 and a current ratio of 0.65. Chesapeake Energy has a 12 month low of $2.53 and a 12 month high of $5.87. The stock has a market capitalization of $2,827.74, a price-to-earnings ratio of 3.71 and a beta of 1.79.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $0.07 earnings per share. The firm’s revenue was up 24.6% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Elkfork Partners LLC purchased a new stake in shares of Chesapeake Energy during the fourth quarter worth about $414,000. MetLife Investment Advisors LLC purchased a new stake in shares of Chesapeake Energy during the fourth quarter worth about $1,113,000. All Terrain Financial Advisors LLC bought a new stake in Chesapeake Energy in the fourth quarter valued at about $170,000. Metropolitan Life Insurance Co. NY bought a new stake in Chesapeake Energy in the fourth quarter valued at about $568,000. Finally, Financial Partners Group Inc bought a new stake in Chesapeake Energy in the fourth quarter valued at about $114,000. 61.81% of the stock is currently owned by institutional investors and hedge funds.
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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.
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