Chesapeake Energy Corporation (CHK) Forecasted to Earn Q1 2019 Earnings of $0.33 Per Share
Chesapeake Energy Corporation (NYSE:CHK) – Analysts at Jefferies Group issued their Q1 2019 earnings per share estimates for Chesapeake Energy Corporation in a research note issued to investors on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas exploration company will post earnings per share of $0.33 for the quarter. Jefferies Group has a “Underperform” rating and a $2.00 price objective on the stock. Jefferies Group also issued estimates for Chesapeake Energy Corporation’s Q2 2019 earnings at $0.28 EPS and Q3 2019 earnings at $0.29 EPS.
Other equities analysts also recently issued reports about the company. Barclays PLC increased their target price on Chesapeake Energy Corporation from $2.00 to $3.00 and gave the stock an “underweight” rating in a research note on Wednesday. Vetr downgraded Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a research note on Tuesday, July 11th. Citigroup Inc. dropped their price objective on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Macquarie downgraded Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $3.93 to $4.00 in a research note on Wednesday, June 21st. Finally, Imperial Capital began coverage on Chesapeake Energy Corporation in a research note on Tuesday, September 19th. They issued an “in-line” rating and a $5.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.01.
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Shares of Chesapeake Energy Corporation (NYSE:CHK) traded down 1.662% on Wednesday, reaching $3.845. The company had a trading volume of 19,425,208 shares. The company’s 50-day moving average price is $4.00 and its 200 day moving average price is $4.83. The firm’s market capitalization is $3.49 billion. Chesapeake Energy Corporation has a 52 week low of $3.55 and a 52 week high of $8.20.
Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the business posted ($0.14) earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Archford Capital Strategies LLC bought a new position in shares of Chesapeake Energy Corporation in the second quarter valued at $984,000. Fox Run Management L.L.C. bought a new position in shares of Chesapeake Energy Corporation in the second quarter valued at $115,000. Advisory Services Network LLC increased its holdings in shares of Chesapeake Energy Corporation by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares in the last quarter. UBS Oconnor LLC bought a new position in shares of Chesapeake Energy Corporation in the second quarter valued at $122,000. Finally, Gotham Asset Management LLC bought a new position in shares of Chesapeake Energy Corporation in the second quarter valued at $126,000. 64.56% of the stock is currently owned by institutional investors.
In related news, Director R Brad Martin purchased 25,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $4.11 per share, with a total value of $102,750.00. Following the completion of the acquisition, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.14% of the stock is currently owned by corporate insiders.
About Chesapeake Energy Corporation
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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