Chesapeake Energy (NYSE:CHK) – Analysts at Seaport Global Securities decreased their Q1 2019 earnings per share estimates for shares of Chesapeake Energy in a research report issued on Friday, April 20th. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.17. Seaport Global Securities also issued estimates for Chesapeake Energy’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.11 EPS and FY2019 earnings at $0.42 EPS.
Several other equities research analysts have also recently commented on the stock. SunTrust Banks reissued a “buy” rating and set a $6.00 price target on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. Citigroup cut shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and boosted their price target for the stock from $3.11 to $5.00 in a research report on Tuesday, April 17th. Zacks Investment Research cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Piper Jaffray reissued a “hold” rating and set a $3.00 price target on shares of Chesapeake Energy in a research report on Thursday, March 15th. Finally, Sanford C. Bernstein cut shares of Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research report on Monday, March 26th. Ten analysts have rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.63.
Chesapeake Energy (NYSE:CHK) last announced its earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. Chesapeake Energy had a net margin of 9.73% and a negative return on equity of 32.26%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the business earned $0.07 EPS. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year.
Several hedge funds have recently modified their holdings of CHK. Guggenheim Capital LLC raised its holdings in shares of Chesapeake Energy by 21.5% in the 4th quarter. Guggenheim Capital LLC now owns 11,511,578 shares of the oil and gas exploration company’s stock valued at $45,586,000 after purchasing an additional 2,035,111 shares during the period. Creative Planning raised its holdings in shares of Chesapeake Energy by 58.0% in the 4th quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company’s stock valued at $6,978,000 after purchasing an additional 646,642 shares during the period. Geode Capital Management LLC raised its holdings in shares of Chesapeake Energy by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 10,624,320 shares of the oil and gas exploration company’s stock valued at $42,009,000 after purchasing an additional 376,710 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Chesapeake Energy by 5.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock valued at $25,933,000 after purchasing an additional 367,150 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Chesapeake Energy in the 4th quarter valued at about $1,343,000. 61.80% of the stock is currently owned by institutional investors.
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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.
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