Chesapeake Energy (NYSE:CHK) – Analysts at Jefferies Group boosted their Q2 2019 earnings per share estimates for shares of Chesapeake Energy in a research note issued to investors on Tuesday, May 15th. Jefferies Group analyst M. Lear now forecasts that the oil and gas exploration company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.09. Jefferies Group also issued estimates for Chesapeake Energy’s Q1 2020 earnings at $0.22 EPS and FY2020 earnings at $0.86 EPS.
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Chesapeake Energy (NYSE:CHK) last posted its earnings results on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.30 billion. Chesapeake Energy had a net margin of 11.67% and a negative return on equity of 43.41%. During the same quarter last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 15.4% on a year-over-year basis.
Other research analysts also recently issued research reports about the stock. UBS initiated coverage on shares of Chesapeake Energy in a research report on Wednesday, March 7th. They issued a “buy” rating and a $2.80 price objective on the stock. Zacks Investment Research raised shares of Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, February 27th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Chesapeake Energy in a research report on Friday, February 23rd. ValuEngine downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Stephens reaffirmed a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research report on Thursday, March 15th. Ten research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Chesapeake Energy has a consensus rating of “Hold” and an average price target of $4.58.
Shares of Chesapeake Energy stock opened at $4.29 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of -5.27. Chesapeake Energy has a 52-week low of $3.68 and a 52-week high of $3.81. The company has a market capitalization of $3.38 billion, a PE ratio of 5.23 and a beta of 1.79.
A number of large investors have recently added to or reduced their stakes in CHK. Creative Planning grew its position in Chesapeake Energy by 58.0% during the 4th quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company’s stock worth $6,978,000 after purchasing an additional 646,642 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Chesapeake Energy by 5.9% during 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 acquiring an additional 367,150 shares during the period. State of Alaska Department of Revenue lifted its stake in Chesapeake Energy by 37.2% during the 4th quarter. State of Alaska Department of Revenue now owns 226,790 shares of the oil and gas exploration company’s stock valued at $897,000 after acquiring an additional 61,480 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in Chesapeake Energy by 38.8% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 715,703 shares of the oil and gas exploration company’s stock valued at $2,834,000 after acquiring an additional 200,145 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Chesapeake Energy during the 4th quarter valued at approximately $1,343,000. 62.55% of the stock is currently owned by institutional investors.
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.