Chesapeake Energy Co. (NYSE:CHK) – Equities research analysts at Piper Jaffray Companies increased their Q1 2019 earnings per share estimates for Chesapeake Energy in a research note issued to investors on Thursday, April 18th, according to Zacks Investment Research. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas exploration company will earn $0.20 per share for the quarter, up from their prior estimate of $0.16. Piper Jaffray Companies also issued estimates for Chesapeake Energy’s Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.65 EPS, Q1 2020 earnings at $0.18 EPS, Q2 2020 earnings at $0.14 EPS and FY2020 earnings at $0.63 EPS.
Chesapeake Energy (NYSE:CHK) last posted its earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $929.00 million for the quarter, compared to analyst estimates of $1.13 billion. Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. The firm’s revenue was down 25.3% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share.
CHK stock traded down $0.07 during mid-day trading on Friday, reaching $2.61. 55,200,980 shares of the company’s stock were exchanged, compared to its average volume of 41,717,480. The company has a market capitalization of $4.37 billion, a P/E ratio of 2.90, a P/E/G ratio of 0.69 and a beta of 2.39. The company has a current ratio of 0.47, a quick ratio of 0.57 and a debt-to-equity ratio of 3.72. Chesapeake Energy has a 12-month low of $1.71 and a 12-month high of $5.60.
In other news, major shareholder Ngp Energy Capital Management, sold 5,913,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $3.29, for a total value of $19,456,191.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
A number of institutional investors have recently made changes to their positions in CHK. Sigma Planning Corp purchased a new position in Chesapeake Energy during the fourth quarter worth approximately $25,000. Garrison Point Advisors LLC purchased a new position in Chesapeake Energy during the fourth quarter worth approximately $25,000. Bessemer Group Inc. lifted its position in Chesapeake Energy by 1,081.8% during the fourth quarter. Bessemer Group Inc. now owns 11,818 shares of the oil and gas exploration company’s stock worth $25,000 after buying an additional 10,818 shares in the last quarter. Peak Asset Management LLC purchased a new position in Chesapeake Energy during the fourth quarter worth approximately $26,000. Finally, FTB Advisors Inc. lifted its position in Chesapeake Energy by 193.4% during the first quarter. FTB Advisors Inc. now owns 8,802 shares of the oil and gas exploration company’s stock worth $26,000 after buying an additional 5,802 shares in the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.
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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