Chesapeake Energy Corporation (CHK) Expected to Earn Q1 2018 Earnings of $0.31 Per Share
Chesapeake Energy Corporation (NYSE:CHK) – Investment analysts at Jefferies Group reduced their Q1 2018 earnings per share (EPS) estimates for Chesapeake Energy Corporation in a note issued to investors on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas exploration company will earn $0.31 per share for the quarter, down from their previous forecast of $0.42. Jefferies Group currently has a “Hold” rating and a $5.00 target price on the stock. Jefferies Group also issued estimates for Chesapeake Energy Corporation’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.18 EPS.
A number of other brokerages have also issued reports on CHK. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Vetr upgraded shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating and set a $4.80 price target for the company in a research note on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating on shares of Chesapeake Energy Corporation in a research note on Friday, May 12th. Stifel Nicolaus restated a “buy” rating on shares of Chesapeake Energy Corporation in a research note on Friday, July 21st. Finally, FBR & Co restated a “sell” rating on shares of Chesapeake Energy Corporation in a research note on Friday, May 5th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Energy Corporation presently has a consensus rating of “Hold” and an average target price of $6.55.
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Shares of Chesapeake Energy Corporation (NYSE:CHK) traded down 1.50% on Thursday, hitting $3.94. 13,603,914 shares of the stock traded hands. Chesapeake Energy Corporation has a 12-month low of $3.90 and a 12-month high of $8.20. The firm’s 50-day moving average is $4.66 and its 200 day moving average is $5.31. The firm’s market cap is $3.51 billion. Chesapeake Energy Corporation also was the target of unusually large options trading activity on Tuesday. Stock investors purchased 29,147 call options on the company. This represents an increase of approximately 143% compared to the typical volume of 11,975 call options.
Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis.
In related news, Director R Brad Martin acquired 20,400 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average price of $4.55 per share, with a total value of $92,820.00. Following the completion of the acquisition, the director now directly owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas L. Ryan acquired 75,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $5.00 per share, with a total value of $375,000.00. Following the acquisition, the director now directly owns 440,355 shares of the company’s stock, valued at $2,201,775. The disclosure for this purchase can be found here. Insiders purchased 140,400 shares of company stock valued at $675,770 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Tiedemann Wealth Management LLC increased its stake in Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 2,952 shares during the last quarter. Hollencrest Securities LLC increased its stake in Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 1,000 shares during the last quarter. Cleararc Capital Inc. increased its stake in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Chesapeake Energy Corporation during the second quarter valued at $115,000. Finally, UBS Oconnor LLC bought a new stake in Chesapeake Energy Corporation during the second quarter valued at $122,000. 64.25% of the stock is owned by institutional investors and hedge funds.
Chesapeake Energy Corporation 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.
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