Chesapeake Energy Co. (NYSE:CHK) – Stock analysts at Imperial Capital issued their Q4 2018 earnings per share (EPS) estimates for Chesapeake Energy in a research note issued to investors on Wednesday, October 31st. Imperial Capital analyst J. Wangler anticipates that the oil and gas exploration company will post earnings per share of $0.18 for the quarter. Imperial Capital currently has a “Hold” rating and a $5.00 target price on the stock. Imperial Capital also issued estimates for Chesapeake Energy’s Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.36 EPS and FY2019 earnings at $1.19 EPS.
Several other equities analysts have also recently weighed in on CHK. ValuEngine upgraded Chesapeake Energy from a “strong sell” rating to a “sell” rating in a report on Sunday, July 8th. Piper Jaffray Companies restated a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a report on Friday, July 20th. Zacks Investment Research upgraded Chesapeake Energy from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Friday, July 20th. Bank of America upgraded Chesapeake Energy from an “underperform” rating to a “neutral” rating and raised their price target for the company from $4.00 to $6.00 in a report on Friday, July 27th. Finally, Stephens restated a “hold” rating and set a $6.00 price target on shares of Chesapeake Energy in a report on Friday, July 27th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Chesapeake Energy presently has an average rating of “Hold” and an average target price of $4.91.
Shares of CHK opened at $3.49 on Friday. The company has a market cap of $2.98 billion, a P/E ratio of 4.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.60.
Chesapeake Energy (NYSE:CHK) last issued its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.04. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Chesapeake Energy had a negative return on equity of 52.94% and a net margin of 6.91%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS.
Institutional investors have recently made changes to their positions in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Chesapeake Energy in the 2nd quarter worth approximately $2,465,000. LMR Partners LLP purchased a new position in shares of Chesapeake Energy in the 2nd quarter worth approximately $123,000. American Century Companies Inc. purchased a new position in shares of Chesapeake Energy in the 2nd quarter worth approximately $128,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Chesapeake Energy in the 2nd quarter worth approximately $131,000. Finally, Virtu Financial LLC purchased a new position in shares of Chesapeake Energy in the 2nd quarter worth approximately $135,000. Hedge funds and other institutional investors own 57.29% 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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