Chesapeake Energy Co. (CHK) Expected to Earn Q2 2018 Earnings of $0.16 Per Share

Chesapeake Energy Co. (NYSE:CHK) – Analysts at Capital One Financial issued their Q2 2018 earnings estimates for Chesapeake Energy in a research note issued to investors on Wednesday. Capital One Financial analyst P. Johnston expects that the oil and gas exploration company will earn $0.16 per share for the quarter. Capital One Financial also issued estimates for Chesapeake Energy’s Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.13 EPS.

A number of other equities research analysts have also weighed in on CHK. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Scotiabank reiterated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, November 3rd. BMO Capital Markets set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Mizuho lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $4.28 to $8.00 in a research report on Tuesday, January 16th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 9th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Chesapeake Energy presently has an average rating of “Hold” and a consensus price target of $5.29.

Shares of Chesapeake Energy (NYSE:CHK) traded down $0.08 during mid-day trading on Friday, hitting $2.74. The stock had a trading volume of 10,649,835 shares, compared to its average volume of 36,153,898. The company has a market cap of $2,560.00, a price-to-earnings ratio of -4.72 and a beta of 1.83. Chesapeake Energy has a 12-month low of $2.70 and a 12-month high of $6.59. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHK. Thrivent Financial For Lutherans boosted its position in shares of Chesapeake Energy by 4.2% during the second quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,200 shares in the last quarter. Northern Trust Corp boosted its position in shares of Chesapeake Energy by 5.6% during the second quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock valued at $40,850,000 after purchasing an additional 433,272 shares in the last quarter. FMR LLC boosted its position in shares of Chesapeake Energy by 183.9% during the second quarter. FMR LLC now owns 738,024 shares of the oil and gas exploration company’s stock valued at $3,668,000 after purchasing an additional 478,107 shares in the last quarter. M&T Bank Corp boosted its position in shares of Chesapeake Energy by 8.2% during the second quarter. M&T Bank Corp now owns 39,420 shares of the oil and gas exploration company’s stock valued at $195,000 after purchasing an additional 3,001 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Chesapeake Energy by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,554,742 shares of the oil and gas exploration company’s stock valued at $22,637,000 after purchasing an additional 198,178 shares in the last quarter. Institutional investors own 63.80% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/02/09/chesapeake-energy-co-chk-expected-to-earn-q2-2018-earnings-of-0-16-per-share.html.

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)

Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply