Chesapeake Energy Co. Forecasted to Earn Q3 2019 Earnings of $0.14 Per Share (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Equities researchers at Jefferies Financial Group upped their Q3 2019 EPS estimates for Chesapeake Energy in a research report issued on Monday, April 22nd. Jefferies Financial Group analyst M. Lear now anticipates that the oil and gas exploration company will post earnings per share of $0.14 for the quarter, up from their previous forecast of $0.13. Jefferies Financial Group also issued estimates for Chesapeake Energy’s Q2 2020 earnings at $0.12 EPS and FY2020 earnings at $0.49 EPS.

CHK has been the subject of several other research reports. UBS Group set a $2.00 price target on shares of Chesapeake Energy and gave the company a “sell” rating in a research note on Monday, January 14th. Citigroup lifted their price target on shares of Chesapeake Energy from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Imperial Capital decreased their price target on shares of Chesapeake Energy from $5.00 to $3.00 and set an “in-line” rating for the company in a research note on Thursday, January 10th. Raymond James lifted their price target on shares of Chesapeake Energy from $3.50 to $4.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Chesapeake Energy in a research note on Wednesday, April 17th. Nine research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.01.

Chesapeake Energy stock opened at $3.17 on Wednesday. Chesapeake Energy has a fifty-two week low of $1.71 and a fifty-two week high of $5.60. The company has a market cap of $5.05 billion, a PE ratio of 3.52, a P/E/G ratio of 0.83 and a beta of 2.44.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Wednesday, February 27th. The oil and gas exploration company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Chesapeake Energy had a net margin of 8.31% and a negative return on equity of 58.05%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis.

In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of Chesapeake Energy stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3.25, for a total value of $1,847,378.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHK. Financial Advocates Investment Management grew its holdings in shares of Chesapeake Energy by 158.3% during the fourth quarter. Financial Advocates Investment Management now owns 6,085 shares of the oil and gas exploration company’s stock valued at $42,000 after buying an additional 3,729 shares during the last quarter. Nwam LLC grew its holdings in shares of Chesapeake Energy by 8.2% during the fourth quarter. Nwam LLC now owns 68,806 shares of the oil and gas exploration company’s stock valued at $144,000 after buying an additional 5,191 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chesapeake Energy by 9.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,398 shares of the oil and gas exploration company’s stock valued at $133,000 after buying an additional 5,556 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Chesapeake Energy by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 1,184,662 shares of the oil and gas exploration company’s stock valued at $2,488,000 after buying an additional 5,724 shares during the last quarter. Finally, Oakbrook Investments LLC grew its holdings in shares of Chesapeake Energy by 6.8% during the fourth quarter. Oakbrook Investments LLC now owns 99,000 shares of the oil and gas exploration company’s stock valued at $208,000 after buying an additional 6,300 shares during the last quarter. 58.81% of the stock is currently owned by institutional investors and hedge funds.

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

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