Chesapeake Energy Co. (NYSE:CHK) – Stock analysts at Piper Jaffray Companies boosted their FY2018 EPS estimates for shares of Chesapeake Energy in a research note issued on Thursday, November 1st. Piper Jaffray Companies analyst K. Harrison now forecasts that the oil and gas exploration company will post earnings per share of $0.85 for the year, up from their prior estimate of $0.84. Piper Jaffray Companies has a “Hold” rating and a $5.00 price target on the stock. Piper Jaffray Companies also issued estimates for Chesapeake Energy’s Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.26 EPS and FY2020 earnings at $1.08 EPS.
Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. Chesapeake Energy had a negative return on equity of 54.07% and a net margin of 6.91%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year.
A number of other equities analysts have also issued reports on CHK. TheStreet upgraded Chesapeake Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, October 31st. Imperial Capital reduced their target price on Chesapeake Energy from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Wednesday, October 31st. Zacks Investment Research upgraded Chesapeake Energy from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research note on Thursday, October 25th. Credit Suisse Group set a $3.00 target price on Chesapeake Energy and gave the stock a “sell” rating in a research note on Wednesday, October 31st. Finally, UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “positive” rating in a research note on Wednesday, October 31st. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.91.
Shares of CHK opened at $3.65 on Monday. The firm has a market cap of $3.19 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 0.45 and a beta of 1.93. Chesapeake Energy has a 12 month low of $2.53 and a 12 month high of $5.60.
In related news, EVP James R. Webb acquired 50,000 shares of Chesapeake Energy stock in a transaction on Thursday, November 1st. The stock was acquired at an average price of $3.54 per share, for a total transaction of $177,000.00. Following the purchase, the executive vice president now owns 871,548 shares of the company’s stock, valued at approximately $3,085,279.92. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHK. LMR Partners LLP purchased a new position in shares of Chesapeake Energy during the 2nd quarter valued at about $123,000. American Century Companies Inc. purchased a new position in shares of Chesapeake Energy during the 2nd quarter valued at about $128,000. Smart Money Group LLC purchased a new position in shares of Chesapeake Energy during the 3rd quarter valued at about $129,000. WESPAC Advisors SoCal LLC purchased a new position in shares of Chesapeake Energy during the 2nd quarter valued at about $131,000. Finally, Virtu Financial LLC purchased a new position in shares of Chesapeake Energy during the 2nd quarter valued at about $135,000. Institutional investors and hedge funds own 57.20% 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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