Chesapeake Energy Co. (NYSE:CHK) – Stock analysts at Piper Jaffray issued their Q1 2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research report issued to clients and investors on Wednesday, April 18th. Piper Jaffray analyst K. Harrison expects that the oil and gas exploration company will post earnings of $0.28 per share for the quarter. Piper Jaffray has a “Hold” rating and a $3.00 price objective on the stock. Piper Jaffray also issued estimates for Chesapeake Energy’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.20 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.21 EPS and Q4 2019 earnings at $0.25 EPS.

Several other research firms have also commented on CHK. Sanford C. Bernstein lowered Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research report on Monday, March 26th. Mizuho lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $4.28 to $8.00 in a research report on Tuesday, January 16th. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, UBS initiated coverage on Chesapeake Energy in a research report on Wednesday, March 7th. They issued a “buy” rating and a $2.80 target price on the stock. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Energy has an average rating of “Hold” and a consensus price target of $4.63.

Chesapeake Energy stock opened at $3.00 on Friday. The company has a market cap of $2,845.93, a P/E ratio of 3.66 and a beta of 1.79. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of -4.86. Chesapeake Energy has a one year low of $2.53 and a one year high of $5.87.

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $1.26 billion. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. Chesapeake Energy’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS.

Several hedge funds have recently bought and sold shares of CHK. Guggenheim Capital LLC raised its position in shares of Chesapeake Energy by 21.5% during 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 acquiring an additional 2,035,111 shares in the last quarter. Creative Planning raised its position in shares of 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 valued at $6,978,000 after acquiring an additional 646,642 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Chesapeake Energy by 3.7% during 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 acquiring an additional 376,710 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of 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 in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Chesapeake Energy during the 4th quarter valued at approximately $1,343,000. 61.81% of the stock is currently owned by institutional investors and hedge funds.

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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 Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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

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