Chesapeake Energy Corporation (NYSE:CHK) – Analysts at Seaport Global Securities cut their Q2 2018 EPS estimates for Chesapeake Energy Corporation in a research report issued on Thursday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.06. Seaport Global Securities also issued estimates for Chesapeake Energy Corporation’s Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at $0.29 EPS.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis.

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A number of other research analysts also recently weighed in on CHK. Vetr raised Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 target price on the stock in a report on Tuesday, August 1st. ValuEngine cut Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “buy” rating and issued a $6.00 price target (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research report on Friday. Finally, Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.55.

Shares of Chesapeake Energy Corporation (NYSE CHK) traded down 0.72% during midday trading on Friday, reaching $4.11. The company had a trading volume of 23,975,943 shares. The company’s 50-day moving average is $4.72 and its 200-day moving average is $5.41. The stock’s market capitalization is $3.66 billion. Chesapeake Energy Corporation has a 1-year low of $4.05 and a 1-year high of $8.20.

In other Chesapeake Energy Corporation news, Director R Brad Martin bought 20,400 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was purchased at an average price of $4.55 per share, for a total transaction of $92,820.00. Following the completion of the transaction, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas L. Ryan bought 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $5.00 per share, with a total value of $375,000.00. Following the transaction, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The disclosure for this purchase can be found here. Insiders have purchased 115,400 shares of company stock valued at $573,020 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Chesapeake Energy Corporation by 8.3% in the first quarter. Vanguard Group Inc. now owns 91,145,308 shares of the oil and gas exploration company’s stock valued at $541,403,000 after buying an additional 6,948,058 shares in the last quarter. Harris Associates L P raised its position in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock worth $388,926,000 after buying an additional 32,145,200 shares during the last quarter. State Street Corp raised its position in shares of Chesapeake Energy Corporation by 6.0% in the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock worth $260,083,000 after buying an additional 2,476,711 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Chesapeake Energy Corporation by 1.9% in the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock worth $53,860,000 after buying an additional 171,476 shares during the last quarter. Finally, Schneider Capital Management Corp raised its position in shares of Chesapeake Energy Corporation by 34.1% in the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock worth $44,757,000 after buying an additional 1,918,000 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

About Chesapeake Energy Corporation

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 Corporation (NYSE:CHK)

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