Chesapeake Energy Co. Forecasted to Post FY2018 Earnings of $0.85 Per Share (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Stock analysts at Piper Jaffray Companies increased their FY2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a report 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 forecast 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.

Several other equities analysts also recently issued reports on CHK. Zacks Investment Research raised Chesapeake Energy from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Friday, July 20th. Bank of America raised Chesapeake Energy from an “underperform” rating to a “neutral” rating and upped their target price for the company from $4.00 to $6.00 in a research report on Friday, July 27th. Stephens reissued a “hold” rating and issued a $6.00 target price on shares of Chesapeake Energy in a research report on Friday, July 27th. Citigroup upped their target price on Chesapeake Energy from $2.50 to $3.50 and gave the company a “sell” rating in a research report on Monday, July 30th. Finally, Wolfe Research downgraded Chesapeake Energy from a “peer perform” rating to an “underperform” rating in a research report on Thursday, August 16th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Chesapeake Energy presently has a consensus rating of “Hold” and a consensus target price of $4.91.

NYSE CHK opened at $3.65 on Monday. Chesapeake Energy has a 1 year low of $2.53 and a 1 year high of $5.60. The firm has a market capitalization of $3.19 billion, a P/E ratio of 4.45, a PEG ratio of 0.45 and a beta of 1.93.

Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. grew its position in shares of Chesapeake Energy by 88.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,962,748 shares of the oil and gas exploration company’s stock valued at $52,205,000 after acquiring an additional 4,671,610 shares during the period. Huber Capital Management LLC grew its position in shares of Chesapeake Energy by 332.6% during the 2nd quarter. Huber Capital Management LLC now owns 5,013,813 shares of the oil and gas exploration company’s stock valued at $26,272,000 after acquiring an additional 3,854,689 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Chesapeake Energy by 94.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,023 shares of the oil and gas exploration company’s stock valued at $19,171,000 after acquiring an additional 3,077,431 shares during the period. Principal Financial Group Inc. grew its position in shares of Chesapeake Energy by 181.6% during the 1st quarter. Principal Financial Group Inc. now owns 3,972,965 shares of the oil and gas exploration company’s stock valued at $11,998,000 after acquiring an additional 2,561,947 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Chesapeake Energy by 194.0% during the 2nd quarter. First Trust Advisors LP now owns 1,474,809 shares of the oil and gas exploration company’s stock valued at $7,728,000 after acquiring an additional 973,246 shares during the period. 57.20% of the stock is currently owned by institutional investors.

In related news, EVP James R. Webb purchased 50,000 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were bought at an average cost of $3.54 per share, with a total value of $177,000.00. Following the transaction, the executive vice president now owns 871,548 shares of the company’s stock, valued at $3,085,279.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

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

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