Chesapeake Energy Co. to Post Q1 2019 Earnings of $0.12 Per Share, Imperial Capital Forecasts (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Equities research analysts at Imperial Capital boosted their Q1 2019 earnings per share estimates for Chesapeake Energy in a research report issued to clients and investors on Wednesday, April 24th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings of $0.12 per share for the quarter, up from their prior forecast of $0.11. Imperial Capital currently has a “In-Line” rating and a $3.00 price target on the stock. Imperial Capital also issued estimates for Chesapeake Energy’s FY2019 earnings at $0.57 EPS and FY2020 earnings at $0.79 EPS.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Wednesday, February 27th. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Chesapeake Energy’s revenue was up 21.8% compared to the same quarter last year.

A number of other equities analysts have also issued reports on CHK. Zacks Investment Research lowered shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. MKM Partners set a $3.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Goldman Sachs Group lowered shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and lowered their price target for the company from $2.75 to $2.50 in a report on Friday, April 12th. They noted that the move was a valuation call. Raymond James set a $5.00 price target on shares of Chesapeake Energy and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, UBS Group set a $2.00 price target on shares of Chesapeake Energy and gave the company a “sell” rating in a report on Monday, January 14th. Nine investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $4.01.

Shares of CHK stock opened at $2.97 on Friday. Chesapeake Energy has a 1 year low of $1.71 and a 1 year high of $5.60. The firm has a market cap of $5.01 billion, a P/E ratio of 3.30, a P/E/G ratio of 0.91 and a beta of 2.44.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Chesapeake Energy by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after purchasing an additional 864,212 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Chesapeake Energy by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after purchasing an additional 864,212 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Chesapeake Energy by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,431,670 shares of the oil and gas exploration company’s stock worth $26,109,000 after purchasing an additional 693,504 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Chesapeake Energy by 21.9% in the 4th quarter. Bank of New York Mellon Corp now owns 11,945,420 shares of the oil and gas exploration company’s stock worth $25,085,000 after purchasing an additional 2,146,047 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Chesapeake Energy in the 4th quarter worth about $21,828,000. 58.81% of the stock is currently owned by institutional investors and hedge funds.

In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

About Chesapeake Energy

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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