Jefferies Group Weighs in on Chesapeake Energy Corporation’s Q1 2018 Earnings (CHK)

Chesapeake Energy Corporation (NYSE:CHK) – Equities researchers at Jefferies Group dropped their Q1 2018 EPS estimates for shares of Chesapeake Energy Corporation in a research note issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas exploration company will post earnings per share of $0.31 for the quarter, down from their prior estimate of $0.42. Jefferies Group has a “Hold” rating and a $5.00 price target on the stock. Jefferies Group also issued estimates for Chesapeake Energy Corporation’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.18 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 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned ($0.14) EPS. Chesapeake Energy Corporation’s revenue was up 40.6% on a year-over-year basis.

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CHK has been the subject of a number of other research reports. ValuEngine raised shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Vetr raised shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating and set a $4.80 target price for the company in a research report on Wednesday, July 5th. Bank of America Corporation reissued a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, July 21st. Finally, FBR & Co reissued a “sell” rating on shares of Chesapeake Energy Corporation in a research report on Friday, May 5th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Energy Corporation presently has an average rating of “Hold” and an average target price of $6.55.

Shares of Chesapeake Energy Corporation (CHK) traded up 1.443% on Thursday, reaching $3.936. 11,145,328 shares of the company were exchanged. The company’s market cap is $3.51 billion. Chesapeake Energy Corporation has a 12 month low of $3.81 and a 12 month high of $8.20. The company’s 50-day moving average price is $4.63 and its 200 day moving average price is $5.30. Chesapeake Energy Corporation also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 29,147 call options on the company. This represents an increase of approximately 143% compared to the typical volume of 11,975 call options.

Several large investors have recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in Chesapeake Energy Corporation during the first quarter worth approximately $223,000. Hollencrest Securities LLC boosted its stake in Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Chesapeake Energy Corporation by 18.4% in the first quarter. Nationwide Fund Advisors now owns 218,736 shares of the oil and gas exploration company’s stock worth $1,299,000 after buying an additional 33,956 shares during the last quarter. Murphy Pohlad Asset Management LLC boosted its stake in Chesapeake Energy Corporation by 36.7% in the first quarter. Murphy Pohlad Asset Management LLC now owns 99,382 shares of the oil and gas exploration company’s stock worth $590,000 after buying an additional 26,700 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in Chesapeake Energy Corporation during the first quarter worth approximately $310,000. Institutional investors own 64.25% of the company’s stock.

In other Chesapeake Energy Corporation news, Director R Brad Martin bought 20,400 shares of the stock in a transaction dated Friday, June 23rd. The shares were bought at an average cost of $4.55 per share, for a total transaction of $92,820.00. Following the purchase, the director now directly owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas L. Ryan bought 75,000 shares of the stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average price of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the purchase, the director now directly owns 440,355 shares in the company, valued at $2,201,775. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 140,400 shares of company stock worth $675,770. Company insiders own 1.10% of the company’s stock.

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.

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

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