Chesapeake Energy Co. (NYSE:CHK) – Analysts at SunTrust Banks decreased their Q3 2019 earnings per share estimates for shares of Chesapeake Energy in a research report issued on Monday, July 8th. SunTrust Banks analyst N. Dingmann now anticipates that the oil and gas exploration company will post earnings per share of $0.06 for the quarter, down from their previous forecast of $0.08. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Chesapeake Energy’s Q4 2019 earnings at $0.11 EPS, FY2019 earnings at $0.20 EPS, FY2020 earnings at $0.35 EPS and FY2021 earnings at $0.38 EPS.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Raymond James reiterated a “buy” rating on shares of Cineplex in a research report on Tuesday, March 19th. TheStreet upgraded WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th. Argus downgraded Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, Guggenheim began coverage on Patterson Companies in a research note on Wednesday, April 17th. They set a “neutral” rating and a $23.00 price target for the company. Ten research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Chesapeake Energy presently has an average rating of “Hold” and a consensus target price of $3.80.

NYSE CHK opened at $1.90 on Wednesday. The stock’s 50-day simple moving average is $1.90. Chesapeake Energy has a twelve month low of $1.71 and a twelve month high of $5.26. The stock has a market capitalization of $3.12 billion, a P/E ratio of 2.11 and a beta of 2.44. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.47 and a quick ratio of 0.47.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Chesapeake Energy had a net margin of 5.39% and a negative return on equity of 138.70%. The company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The firm’s revenue was down 25.3% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Carlyle Group L.P. bought a new position in Chesapeake Energy during the 1st quarter worth approximately $535,982,000. Norges Bank bought a new position in Chesapeake Energy during the 4th quarter worth approximately $21,828,000. Fiera Capital Corp bought a new position in Chesapeake Energy during the 1st quarter worth approximately $23,597,000. Majedie Asset Management Ltd bought a new position in Chesapeake Energy during the 1st quarter worth approximately $8,883,000. Finally, Bank of New York Mellon Corp lifted its holdings in Chesapeake Energy by 21.9% during the 4th quarter. Bank of New York Mellon Corp now owns 11,945,420 shares of the oil and gas exploration company’s stock worth $25,085,000 after buying an additional 2,146,047 shares during the last quarter. 70.05% of the stock is owned by hedge funds and other institutional investors.

In other Chesapeake Energy news, CEO Robert D. Lawler purchased 50,000 shares of Chesapeake Energy stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average price of $2.02 per share, with a total value of $101,000.00. Following the completion of the acquisition, the chief executive officer now owns 5,083,298 shares of the company’s stock, valued at approximately $10,268,261.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

About Chesapeake Energy

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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