Imperial Capital Comments on Chesapeake Energy Co.’s FY2018 Earnings (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Equities research analysts at Imperial Capital reduced their FY2018 earnings per share estimates for shares of Chesapeake Energy in a research report issued on Thursday. Imperial Capital analyst J. Wangler now anticipates that the oil and gas exploration company will earn $0.76 per share for the year, down from their previous estimate of $0.92. Imperial Capital also issued estimates for Chesapeake Energy’s FY2019 earnings at $1.08 EPS.

Other analysts have also issued reports about the company. SunTrust Banks reaffirmed a “buy” rating and set a $6.00 target price on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 9th. Scotiabank set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. BMO Capital Markets set a $4.00 price objective on Chesapeake Energy and gave the company a “hold” rating in a report on Tuesday, November 14th. Finally, ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.29.

Shares of Chesapeake Energy (NYSE CHK) opened at $2.85 on Monday. Chesapeake Energy has a 52-week low of $2.53 and a 52-week high of $6.59. The stock has a market capitalization of $2,589.75, a PE ratio of -8.38 and a beta of 1.80. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53.

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank boosted its stake in Chesapeake Energy by 23.0% in the third quarter. Toronto Dominion Bank now owns 306,340 shares of the oil and gas exploration company’s stock valued at $1,317,000 after acquiring an additional 57,315 shares during the period. Commonwealth Equity Services Inc boosted its stake in Chesapeake Energy by 20.9% in the third quarter. Commonwealth Equity Services Inc now owns 361,245 shares of the oil and gas exploration company’s stock valued at $1,553,000 after acquiring an additional 62,557 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in 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 acquiring an additional 134,861 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Chesapeake Energy by 45.9% in the second quarter. Public Employees Retirement System of Ohio now owns 403,219 shares of the oil and gas exploration company’s stock valued at $2,004,000 after acquiring an additional 126,910 shares during the period. Finally, Creative Planning boosted its stake in Chesapeake Energy by 58.0% in the fourth quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company’s stock valued at $6,978,000 after acquiring an additional 646,642 shares during the period. Institutional investors own 63.49% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Imperial Capital Comments on Chesapeake Energy Co.’s FY2018 Earnings (CHK)” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/12/imperial-capital-comments-on-chesapeake-energy-co-s-fy2018-earnings-chk.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