Latest Stocks: Chesapeake Energy Co. to Post FY2018 Earnings of $0.41 Per Share, FBR & Co Forecasts (CHK)

Latest Stocks: Chesapeake Energy Co. to Post FY2018 Earnings of $0.41 Per Share, FBR & Co Forecasts (CHK)

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned ($0.10) EPS.

Chesapeake Energy Co. (NYSE:CHK) – Investment analysts at FBR & Co lowered their FY2018 earnings per share (EPS) estimates for shares of Chesapeake Energy in a note issued to investors on Wednesday. FBR & Co analyst J. Allman now expects that the oil and gas exploration company will earn $0.41 per share for the year, down from their prior estimate of $0.60. FBR & Co currently has a “Sell” rating on the stock.

Other research analysts have also issued reports about the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of Chesapeake Energy in a research report on Monday. Barclays PLC reaffirmed a “sell” rating and issued a $4.00 target price (down from $5.00) on shares of Chesapeake Energy in a research report on Thursday, April 20th. Scotiabank set a $6.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Monday, March 27th. Macquarie reaffirmed a “neutral” rating on shares of Chesapeake Energy in a research report on Monday, May 8th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $9.00 price objective on shares of Chesapeake Energy in a report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.35. Chesapeake Energy (NYSE:CHK) traded up 0.18% during mid-day trading on Monday, reaching $5.55. The company had a trading volume of 18,717,721 shares. The stock’s 50-day moving average is $5.69 and its 200 day moving average is $6.15. The firm’s market capitalization is $4.94 billion. Chesapeake Energy has a 12 month low of $3.56 and a 12 month high of $8.20.

In related news, Director Archie W. Dunham acquired 500,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were bought at an average price of $5.24 per share, with a total value of $2,620,000.00. Following the transaction, the director now directly owns 4,637,717 shares of the company’s stock, valued at $24,301,637.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders. A number of institutional investors have recently made changes to their positions in the stock. Putnam Investments LLC boosted its position in Chesapeake Energy by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock valued at $108,000 after buying an additional 1,000 shares in the last quarter. Tiedemann Wealth Management LLC boosted its position in Chesapeake Energy 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 in the last quarter. National Planning Corp boosted its position in Chesapeake Energy by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,069 shares in the last quarter. Hollencrest Securities LLC boosted its position in Chesapeake Energy 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 in the last quarter. Finally, Cleararc Capital Inc. boosted its position in Chesapeake Energy by 13.2% in the fourth quarter. Cleararc Capital Inc. now owns 18,119 shares of the oil and gas exploration company’s stock valued at $127,000 after buying an additional 2,117 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

About Chesapeake Energy 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.

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

Related posts

Leave a Comment