Chesapeake Energy Co. (NYSE:CHK) – Investment analysts at SunTrust Banks boosted their FY2019 earnings per share estimates for shares of Chesapeake Energy in a report released on Tuesday. SunTrust Banks analyst N. Dingmann now expects that the oil and gas exploration company will post earnings per share of $1.11 for the year, up from their prior estimate of $1.10. SunTrust Banks currently has a “Buy” rating and a $6.00 price objective on the stock. SunTrust Banks also issued estimates for Chesapeake Energy’s FY2020 earnings at $1.20 EPS.

Other analysts have also recently issued reports about the company. Imperial Capital assumed coverage on Chesapeake Energy in a research note on Tuesday, September 19th. They set an “in-line” rating and a $5.00 target price for the company. Credit Suisse Group assumed coverage on Chesapeake Energy in a research note on Monday, December 11th. They set an “underperform” rating and a $3.00 target price for the company. ValuEngine raised Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho reissued a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research note on Friday, September 29th. Finally, Piper Jaffray Companies lowered their target price on Chesapeake Energy from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.10.

Shares of Chesapeake Energy (NYSE:CHK) opened at $3.99 on Thursday. Chesapeake Energy has a 52 week low of $3.41 and a 52 week high of $7.29. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $3,630.00, a P/E ratio of -6.88 and a beta of 2.16.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The business had revenue of $979.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business earned $0.09 EPS. Chesapeake Energy’s revenue for the quarter was down 16.8% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the company. Gofen & Glossberg LLC IL bought a new position in shares of Chesapeake Energy in the third quarter valued at $390,000. Highbridge Capital Management LLC grew its stake in shares of Chesapeake Energy by 91.1% in the third quarter. Highbridge Capital Management LLC now owns 419,050 shares of the oil and gas exploration company’s stock valued at $1,802,000 after buying an additional 199,750 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Chesapeake Energy by 22.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 155,885 shares of the oil and gas exploration company’s stock valued at $669,000 after buying an additional 28,190 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in shares of Chesapeake Energy by 20.5% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 791,989 shares of the oil and gas exploration company’s stock valued at $3,405,000 after buying an additional 134,861 shares in the last quarter. Finally, Old West Investment Management LLC grew its stake in shares of Chesapeake Energy by 96.3% in the third quarter. Old West Investment Management LLC now owns 2,157,554 shares of the oil and gas exploration company’s stock valued at $9,277,000 after buying an additional 1,058,477 shares in the last quarter. 63.98% of the stock is owned by institutional investors.

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Chesapeake Energy Company Profile

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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