Chesapeake Energy Co. (NYSE:CHK) – Equities researchers at Imperial Capital upped their FY2019 earnings estimates for Chesapeake Energy in a report released on Wednesday, November 6th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will earn ($0.29) per share for the year, up from their previous forecast of ($0.34). Imperial Capital also issued estimates for Chesapeake Energy’s Q4 2019 earnings at ($0.06) EPS, Q1 2020 earnings at ($0.04) EPS, Q2 2020 earnings at ($0.08) EPS, Q3 2020 earnings at ($0.08) EPS, Q4 2020 earnings at ($0.05) EPS and FY2020 earnings at ($0.25) EPS.

Several other research analysts have also issued reports on CHK. Morgan Stanley dropped their price objective on Chesapeake Energy from $2.50 to $2.25 and set an “overweight” rating for the company in a research note on Monday, October 14th. SunTrust Banks set a $2.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a research note on Wednesday, August 7th. ValuEngine upgraded Chesapeake Energy from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Chesapeake Energy from a “sell” rating to a “hold” rating and set a $2.50 price objective for the company in a research note on Tuesday, September 17th. Finally, Raymond James lowered Chesapeake Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $2.88.

Chesapeake Energy stock traded down $0.01 during mid-day trading on Friday, hitting $0.90. 68,629,317 shares of the company were exchanged, compared to its average volume of 59,525,944. The company has a quick ratio of 0.62, a current ratio of 0.60 and a debt-to-equity ratio of 2.94. The business has a fifty day moving average of $1.39 and a 200 day moving average of $1.80. Chesapeake Energy has a 1-year low of $0.79 and a 1-year high of $3.78. The company has a market capitalization of $2.09 billion, a PE ratio of 1.00 and a beta of 2.45.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Chesapeake Energy had a net margin of 5.46% and a return on equity of 9.01%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share.

Hedge funds have recently made changes to their positions in the company. XR Securities LLC bought a new position in Chesapeake Energy in the third quarter valued at about $25,000. Cresset Asset Management LLC bought a new position in shares of Chesapeake Energy during the 2nd quarter worth approximately $30,000. Moneta Group Investment Advisors LLC raised its holdings in Chesapeake Energy by 169.7% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 44,378 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 27,926 shares in the last quarter. Howard Financial Services LTD. raised its holdings in Chesapeake Energy by 75.0% in the 2nd quarter. Howard Financial Services LTD. now owns 17,500 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Spears Abacus Advisors LLC acquired a new position in Chesapeake Energy in the 2nd quarter valued at $42,000. Institutional investors own 68.67% of the company’s stock.

In other Chesapeake Energy news, CEO Robert D. Lawler bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of $0.91 per share, for a total transaction of $45,500.00. Following the completion of the acquisition, the chief executive officer now owns 5,133,298 shares of the company’s stock, valued at $4,671,301.18. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Brad Martin bought 250,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of $0.91 per share, for a total transaction of $227,500.00. 1.90% of the stock is currently owned by corporate 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 Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

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

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