SunTrust Banks Analysts Lift Earnings Estimates for Chesapeake Energy Co. (NYSE:CHK)

Chesapeake Energy Co. (NYSE:CHK) – Equities researchers at SunTrust Banks upped their FY2019 EPS estimates for Chesapeake Energy in a research note issued on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst N. Dingmann now forecasts that the oil and gas exploration company will earn $1.11 per share for the year, up from their previous estimate of $1.10. SunTrust Banks currently has a “Buy” rating and a $6.00 target price on the stock. SunTrust Banks also issued estimates for Chesapeake Energy’s FY2020 earnings at $1.20 EPS.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The company had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company earned $0.09 EPS. The company’s quarterly revenue was down 16.8% on a year-over-year basis.

Several other research firms also recently commented on CHK. Piper Jaffray Companies restated a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research report on Tuesday. ValuEngine downgraded Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Credit Suisse Group started coverage on Chesapeake Energy in a research report on Monday, December 11th. They set an “underperform” rating and a $3.00 target price for the company. Scotiabank set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Finally, BMO Capital Markets set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.15.

Shares of Chesapeake Energy (CHK) opened at $4.28 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy has a 52-week low of $3.41 and a 52-week high of $7.29. The company has a market capitalization of $3,890.00, a P/E ratio of -7.38 and a beta of 2.16.

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Chesapeake Energy by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after purchasing an additional 164 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in Chesapeake Energy by 0.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after purchasing an additional 226 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Chesapeake Energy by 3.4% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 33,055 shares of the oil and gas exploration company’s stock valued at $164,000 after purchasing an additional 1,100 shares in the last quarter. Private Advisor Group LLC increased its holdings in Chesapeake Energy by 3.2% during the 2nd quarter. Private Advisor Group LLC now owns 38,263 shares of the oil and gas exploration company’s stock valued at $178,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in Chesapeake Energy by 4.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,200 shares in the last quarter. 63.98% of the stock is owned by hedge funds and other institutional investors.

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Chesapeake Energy Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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

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