Chesapeake Energy Co. (NYSE:CHK) – Stock analysts at Jefferies Group reduced their Q2 2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research report issued on Monday. Jefferies Group analyst M. Lear now forecasts that the oil and gas exploration company will post earnings of $0.11 per share for the quarter, down from their previous forecast of $0.15. Jefferies Group also issued estimates for Chesapeake Energy’s Q3 2018 earnings at $0.11 EPS, FY2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.16 EPS.

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

A number of other research analysts have also recently weighed in on the stock. UBS initiated coverage on shares of Chesapeake Energy in a research note on Wednesday, March 7th. They set a “buy” rating and a $2.80 price objective for the company. SunTrust Banks reissued a “buy” rating and set a $6.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. Stephens reissued a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research note on Thursday, March 15th. Piper Jaffray Companies reissued a “hold” rating and set a $3.00 price objective on shares of Chesapeake Energy in a research note on Thursday, March 15th. Finally, Zacks Investment Research raised shares of Chesapeake Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Energy currently has a consensus rating of “Hold” and a consensus price target of $4.90.

Shares of Chesapeake Energy (NYSE:CHK) opened at $3.23 on Tuesday. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $6.59. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $2,827.74, a P/E ratio of 3.89 and a beta of 1.90.

A number of hedge funds have recently added to or reduced their stakes in the business. Elkfork Partners LLC purchased a new stake in Chesapeake Energy in the 4th quarter worth approximately $414,000. MetLife Investment Advisors LLC purchased a new stake in Chesapeake Energy in the 4th quarter worth approximately $1,113,000. All Terrain Financial Advisors LLC purchased a new stake in Chesapeake Energy in the 4th quarter worth approximately $170,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Chesapeake Energy in the 4th quarter valued at $568,000. Finally, Financial Partners Group Inc acquired a new position in shares of Chesapeake Energy in the 4th quarter valued at $114,000. 61.89% of the stock is owned by hedge funds and other institutional investors.

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About Chesapeake Energy

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.

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

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