Q1 2018 EPS Estimates for Chesapeake Energy Co. Lifted by Capital One Financial (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Investment analysts at Capital One Financial raised their Q1 2018 earnings estimates for Chesapeake Energy in a research note issued to investors on Thursday, April 12th. Capital One Financial analyst P. Johnston now expects that the oil and gas exploration company will post earnings per share of $0.20 for the quarter, up from their prior estimate of $0.19.

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Several other brokerages have also recently issued reports on CHK. Mizuho cut Chesapeake Energy from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $4.28 to $8.00 in a research note on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and issued a $6.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. Piper Jaffray reiterated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research note on Tuesday, January 9th. ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research cut Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. Nine investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.63.

Shares of NYSE CHK opened at $3.14 on Monday. The firm has a market capitalization of $2,864.11, a PE ratio of 3.83 and a beta of 1.79. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 and a current ratio of 0.65. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.91.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share.

Several institutional investors and hedge funds have recently bought and sold shares of CHK. Financial Partners Group Inc acquired a new stake in shares of Chesapeake Energy during the fourth quarter worth about $114,000. All Terrain Financial Advisors LLC acquired a new stake in shares of Chesapeake Energy during the fourth quarter worth about $170,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Chesapeake Energy by 41.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock worth $213,000 after purchasing an additional 15,804 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Chesapeake Energy by 159.1% during the fourth quarter. Brown Advisory Inc. now owns 55,094 shares of the oil and gas exploration company’s stock worth $218,000 after purchasing an additional 33,827 shares in the last quarter. Finally, Capital Innovations LLC acquired a new stake in shares of Chesapeake Energy during the fourth quarter worth about $343,000. Institutional investors and hedge funds own 61.89% of the company’s stock.

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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.

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

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