Imperial Capital Comments on Chesapeake Energy’s Q1 2018 Earnings (CHK)

Chesapeake Energy (NYSE:CHK) – Stock analysts at Imperial Capital cut their Q1 2018 earnings per share (EPS) estimates for Chesapeake Energy in a research report issued to clients and investors on Tuesday, April 24th. Imperial Capital analyst J. Wangler now expects that the oil and gas exploration company will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.23. Imperial Capital also issued estimates for Chesapeake Energy’s FY2019 earnings at $0.95 EPS.

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS.

CHK has been the subject of several other reports. SunTrust Banks reaffirmed a “buy” rating and set a $6.00 price objective on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. Citigroup cut Chesapeake Energy from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $3.11 to $5.00 in a research report on Tuesday, April 17th. Stephens reaffirmed a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Thursday, March 15th. Zacks Investment Research cut Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $3.00 price objective on shares of Chesapeake Energy in a research report on Thursday, March 15th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.58.

NYSE:CHK opened at $3.02 on Wednesday. The stock has a market cap of $2,673.17, a PE ratio of 3.68 and a beta of 1.79. Chesapeake Energy has a 1 year low of $2.53 and a 1 year high of $5.87. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -4.86.

Several institutional investors have recently bought and sold shares of CHK. Guggenheim Capital LLC raised its stake in Chesapeake Energy by 21.5% during the 4th quarter. Guggenheim Capital LLC now owns 11,511,578 shares of the oil and gas exploration company’s stock valued at $45,586,000 after acquiring an additional 2,035,111 shares during the last quarter. Geode Capital Management LLC raised its stake in Chesapeake Energy by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 10,624,320 shares of the oil and gas exploration company’s stock valued at $42,009,000 after acquiring an additional 376,710 shares during the last quarter. Mackenzie Financial Corp raised its stake in Chesapeake Energy by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 9,531,633 shares of the oil and gas exploration company’s stock valued at $37,745,000 after acquiring an additional 50,413 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Chesapeake Energy by 5.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock valued at $25,933,000 after acquiring an additional 367,150 shares during the last quarter. Finally, Creative Planning raised its stake in Chesapeake Energy by 58.0% during the 4th 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 last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

About Chesapeake Energy

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

Earnings History and Estimates for Chesapeake Energy (NYSE:CHK)

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