Zacks: Brokerages Anticipate Chesapeake Energy Co. (CHK) Will Announce Earnings of $0.15 Per Share

Wall Street analysts expect that Chesapeake Energy Co. (NYSE:CHK) will report earnings of $0.15 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Chesapeake Energy’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.08. Chesapeake Energy reported earnings of $0.30 per share in the same quarter last year, which suggests a negative year over year growth rate of 50%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Chesapeake Energy will report full year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.75 to $0.94. For the next fiscal year, analysts expect that the business will report earnings of $0.98 per share, with EPS estimates ranging from $0.57 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Tuesday, October 30th. The oil and gas exploration company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Chesapeake Energy had a negative return on equity of 54.07% and a net margin of 6.91%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 22.5% compared to the same quarter last year.

Several equities research analysts have commented on the company. SunTrust Banks lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. Stephens reissued a “hold” rating and issued a $6.00 target price on shares of Chesapeake Energy in a report on Friday, July 27th. Wolfe Research lowered Chesapeake Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, August 16th. Citigroup boosted their target price on Chesapeake Energy from $2.50 to $3.50 and gave the company a “sell” rating in a report on Monday, July 30th. Finally, Credit Suisse Group set a $3.00 target price on Chesapeake Energy and gave the company a “sell” rating in a report on Wednesday. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.91.

Institutional investors have recently bought and sold shares of the stock. LMR Partners LLP acquired a new stake in Chesapeake Energy during the second quarter worth about $123,000. American Century Companies Inc. acquired a new position in shares of Chesapeake Energy during the 2nd quarter valued at $128,000. Smart Money Group LLC acquired a new position in shares of Chesapeake Energy during the 3rd quarter valued at $129,000. WESPAC Advisors SoCal LLC acquired a new position in shares of Chesapeake Energy during the 2nd quarter valued at $131,000. Finally, Virtu Financial LLC acquired a new position in shares of Chesapeake Energy during the 2nd quarter valued at $135,000. Hedge funds and other institutional investors own 57.29% of the company’s stock.

Chesapeake Energy stock traded down $0.08 during mid-day trading on Tuesday, hitting $3.49. The company had a trading volume of 38,731,060 shares, compared to its average volume of 36,188,292. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.60. The firm has a market cap of $3.19 billion, a PE ratio of 4.26, a P/E/G ratio of 0.45 and a beta of 1.93.

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.

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