Brokerages forecast that Chesapeake Energy Corporation (NYSE:CHK) will announce earnings per share of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Energy Corporation’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.09. Chesapeake Energy Corporation reported earnings per share of ($0.14) in the same quarter last year, which would indicate a positive year-over-year growth rate of 200%. The company is scheduled to report its next earnings report before the market opens on Thursday, August 3rd.
On average, analysts expect that Chesapeake Energy Corporation will report full-year earnings of $0.82 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $1.05. For the next fiscal year, analysts forecast that the company will report earnings of $0.98 per share, with EPS estimates ranging from $0.35 to $1.88. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Chesapeake Energy Corporation.
Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted ($0.10) earnings per share.
Several brokerages have commented on CHK. Royal Bank Of Canada restated a “hold” rating and issued a $7.00 price objective on shares of Chesapeake Energy Corporation in a report on Tuesday, April 25th. Jefferies Group LLC restated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy Corporation in a report on Friday. Stifel Nicolaus restated a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday. Citigroup Inc. decreased their price objective on shares of Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating for the company in a report on Friday. Finally, Vetr lowered shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and eight have given a buy rating to the company’s stock. Chesapeake Energy Corporation presently has an average rating of “Hold” and a consensus target price of $6.63.
In related news, Director R Brad Martin purchased 20,000 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were purchased at an average price of $5.26 per share, with a total value of $105,200.00. Following the acquisition, the director now directly owns 501,958 shares in the company, valued at approximately $2,640,299.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas L. Ryan purchased 75,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were bought at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the acquisition, the director now owns 440,355 shares in the company, valued at $2,201,775. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 115,400 shares of company stock worth $573,020. Insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Chesapeake Energy Corporation by 8.3% in the first quarter. Vanguard Group Inc. now owns 91,145,308 shares of the oil and gas exploration company’s stock worth $541,403,000 after buying an additional 6,948,058 shares during the last quarter. Harris Associates L P increased its position in Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock worth $388,926,000 after buying an additional 32,145,200 shares during the last quarter. State Street Corp increased its position in Chesapeake Energy Corporation by 6.0% in the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock worth $260,083,000 after buying an additional 2,476,711 shares during the last quarter. Mackenzie Financial Corp increased its position in Chesapeake Energy Corporation by 1.9% in the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock worth $53,860,000 after buying an additional 171,476 shares during the last quarter. Finally, Schneider Capital Management Corp increased its position in Chesapeake Energy Corporation by 34.1% in the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock worth $44,757,000 after buying an additional 1,918,000 shares during the last quarter. 64.60% of the stock is currently owned by hedge funds and other institutional investors.
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Chesapeake Energy Corporation (NYSE CHK) traded down 3.10% during midday trading on Friday, reaching $4.69. 31,575,791 shares of the company’s stock traded hands. The stock’s market cap is $4.18 billion. The company’s 50-day moving average price is $4.85 and its 200-day moving average price is $5.63. Chesapeake Energy Corporation has a 52-week low of $4.38 and a 52-week high of $8.20.
About Chesapeake Energy Corporation
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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