Equities research analysts expect Chesapeake Energy Corporation (NYSE:CHK) to announce earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Chesapeake Energy’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.15. Chesapeake Energy posted earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 228.6%. The firm is scheduled to report its next earnings results on Thursday, February 22nd.
On average, analysts expect that Chesapeake Energy will report full year earnings of $0.75 per share for the current year, with EPS estimates ranging from $0.65 to $0.86. For the next year, analysts anticipate that the business will report earnings of $0.79 per share, with EPS estimates ranging from $0.35 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Chesapeake Energy.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million for the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The business’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS.
A number of brokerages have commented on CHK. ValuEngine upgraded Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reiterated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, September 29th. Jefferies Group lowered Chesapeake Energy from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $4.00 to $2.00 in a research report on Monday, October 9th. BMO Capital Markets set a $4.00 price objective on Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, November 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 price objective (down from $10.00) on shares of Chesapeake Energy in a research report on Friday, August 11th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $5.77.
Shares of Chesapeake Energy (CHK) traded up $0.02 on Friday, reaching $4.09. The company’s stock had a trading volume of 26,798,268 shares, compared to its average volume of 24,393,096. The company has a market cap of $3,698.35, a price-to-earnings ratio of 6.78 and a beta of 2.13. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. Chesapeake Energy has a 52-week low of $3.41 and a 52-week high of $8.20.
Hedge funds have recently bought and sold shares of the company. Archford Capital Strategies LLC acquired a new position in shares of Chesapeake Energy in the 2nd quarter valued at $984,000. Advisory Services Network LLC raised its stake in Chesapeake Energy by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 7,000 shares during the period. UBS Oconnor LLC acquired a new stake in Chesapeake Energy during the 2nd quarter worth $122,000. Gotham Asset Management LLC acquired a new stake in Chesapeake Energy during the 2nd quarter worth $126,000. Finally, HRT Financial LLC acquired a new stake in Chesapeake Energy during the 2nd quarter worth $131,000. 64.03% of the stock is currently owned by institutional investors.
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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.
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