Equities Analysts Offer Predictions for Chesapeake Energy Corporation’s Q3 2017 Earnings (CHK)
Chesapeake Energy Corporation (NYSE:CHK) – Research analysts at Jefferies Group issued their Q3 2017 earnings estimates for Chesapeake Energy Corporation in a note issued to investors on Monday. Jefferies Group analyst M. Lear forecasts that the oil and gas exploration company will post earnings of $0.07 per share for the quarter. Jefferies Group has a “Underperform” rating and a $2.00 price objective on the stock. Jefferies Group also issued estimates for Chesapeake Energy Corporation’s Q4 2017 earnings at $0.17 EPS, FY2017 earnings at $0.62 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.23 EPS, FY2018 earnings at $0.84 EPS and FY2019 earnings at $1.24 EPS.
Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. Chesapeake Energy Corporation’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS. TRADEMARK VIOLATION NOTICE: This piece was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/12/equities-analysts-offer-predictions-for-chesapeake-energy-corporations-q3-2017-earnings-chk.html.
A number of other research firms have also issued reports on CHK. Vetr lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 target price on the stock. in a report on Monday, July 31st. Wolfe Research began coverage on Chesapeake Energy Corporation in a report on Thursday, June 15th. They issued a “market perform” rating and a $5.50 target price on the stock. Scotiabank reissued a “hold” rating and issued a $5.00 target price on shares of Chesapeake Energy Corporation in a report on Friday, June 30th. Macquarie lowered Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $3.93 to $4.00 in a report on Wednesday, June 21st. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Chesapeake Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $6.01.
Chesapeake Energy Corporation (NYSE:CHK) opened at 3.95 on Thursday. The company’s market capitalization is $3.52 billion. The company has a 50 day moving average of $4.00 and a 200 day moving average of $4.82. Chesapeake Energy Corporation has a 52 week low of $3.55 and a 52 week high of $8.20.
In related news, Director R Brad Martin purchased 25,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $4.11 per share, with a total value of $102,750.00. Following the completion of the acquisition, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Archford Capital Strategies LLC acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $984,000. Fox Run Management L.L.C. acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $115,000. Advisory Services Network LLC raised its holdings in shares of Chesapeake Energy Corporation by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after acquiring an additional 7,000 shares during the last quarter. UBS Oconnor LLC acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $122,000. Finally, Gotham Asset Management LLC acquired a new position in shares of Chesapeake Energy Corporation in the second quarter worth $126,000. 64.56% of the stock is owned by institutional investors.
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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