Chesapeake Energy Co. (CHK) Expected to Post Earnings of $0.15 Per Share

Brokerages expect Chesapeake Energy Co. (NYSE:CHK) to report earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Chesapeake Energy’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.22. Chesapeake Energy reported earnings per share of $0.30 during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The company is scheduled to announce its next 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 $0.80 to $0.93. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.31 to $1.19. Zacks’ EPS averages are an average based on a survey of analysts that cover Chesapeake Energy.

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

CHK has been the subject of a number of research analyst reports. ValuEngine lowered shares of Chesapeake Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. SunTrust Banks lowered shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Monday, September 24th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a report on Thursday, October 4th. They set an “equal weight” rating and a $5.00 price objective for the company. Zacks Investment Research upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Thursday, October 25th. Finally, Imperial Capital decreased their price objective on shares of Chesapeake Energy from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Ten analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $4.48.

CHK stock opened at $2.73 on Tuesday. Chesapeake Energy has a 12 month low of $1.71 and a 12 month high of $5.60. The stock has a market cap of $2.52 billion, a P/E ratio of 3.33, a PEG ratio of 0.47 and a beta of 2.04.

In other news, EVP James R. Webb acquired 50,000 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were purchased at an average price of $3.54 per share, with a total value of $177,000.00. Following the transaction, the executive vice president now directly owns 871,548 shares in the company, valued at $3,085,279.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas L. Ryan acquired 200,000 shares of the business’s stock in a transaction dated Monday, December 24th. The stock was purchased at an average cost of $1.81 per share, for a total transaction of $362,000.00. Following the transaction, the director now owns 563,519 shares in the company, valued at $1,019,969.39. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 3,855,000 shares of company stock valued at $7,965,650. Company insiders own 1.70% of the company’s stock.

Several institutional investors have recently modified their holdings of CHK. Renaissance Technologies LLC purchased a new position in shares of Chesapeake Energy in the 3rd quarter worth approximately $35,840,000. Huber Capital Management LLC grew its position in shares of Chesapeake Energy by 69.6% in the 3rd quarter. Huber Capital Management LLC now owns 8,505,309 shares of the oil and gas exploration company’s stock worth $38,189,000 after buying an additional 3,491,496 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Chesapeake Energy by 31.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 11,738,166 shares of the oil and gas exploration company’s stock worth $52,703,000 after buying an additional 2,777,313 shares during the last quarter. Vanguard Group Inc grew its position in shares of Chesapeake Energy by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after buying an additional 864,212 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Chesapeake Energy by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after purchasing an additional 864,212 shares during the last quarter. 58.68% of the stock is currently owned by hedge funds and other institutional investors.

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

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