Analysts expect that Chesapeake Energy Co. (NYSE:CHK) will report earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Three analysts have made 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 posted earnings per share of $0.30 in the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is scheduled to report its next earnings results 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 $0.78 to $0.93. For the next fiscal year, analysts expect that the firm will post earnings of $0.87 per share, with EPS estimates ranging from $0.57 to $1.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Chesapeake Energy.
Chesapeake Energy (NYSE:CHK) last released its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, beating the 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 firm 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 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis.
CHK has been the topic of several analyst reports. Morgan Stanley began coverage on Chesapeake Energy in a research note on Thursday, October 4th. They issued an “equal weight” rating and a $5.00 target price on the stock. SunTrust Banks downgraded 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. Wolfe Research downgraded Chesapeake Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, August 16th. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “positive” rating in a report on Wednesday, October 31st. Finally, ValuEngine downgraded Chesapeake Energy from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.15.
NYSE:CHK traded up $0.02 during mid-day trading on Friday, hitting $3.17. The company had a trading volume of 789,852 shares, compared to its average volume of 37,256,948. Chesapeake Energy has a fifty-two week low of $2.53 and a fifty-two week high of $5.60. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 3.88, a PEG ratio of 0.39 and a beta of 1.93.
In other news, EVP James R. Webb acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was acquired at an average cost of $3.54 per share, for a total transaction of $177,000.00. Following the completion of the acquisition, the executive vice president now owns 871,548 shares in the company, valued at $3,085,279.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of CHK. Renaissance Technologies LLC bought a new position in shares of Chesapeake Energy during the third quarter worth about $35,840,000. Schwab Charles Investment Management Inc. grew its stake in Chesapeake Energy by 88.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 9,962,748 shares of the oil and gas exploration company’s stock valued at $52,205,000 after purchasing an additional 4,671,610 shares in the last quarter. Huber Capital Management LLC grew its stake in Chesapeake Energy by 332.6% in the second quarter. Huber Capital Management LLC now owns 5,013,813 shares of the oil and gas exploration company’s stock valued at $26,272,000 after purchasing an additional 3,854,689 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Chesapeake Energy by 31.0% in the third quarter. Dimensional Fund Advisors LP now owns 11,738,166 shares of the oil and gas exploration company’s stock valued at $52,703,000 after purchasing an additional 2,777,313 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Chesapeake Energy by 181.6% in the first quarter. Principal Financial Group Inc. now owns 3,972,965 shares of the oil and gas exploration company’s stock valued at $11,998,000 after purchasing an additional 2,561,947 shares in the last quarter. Institutional investors and hedge funds own 59.55% of the company’s stock.
Chesapeake Energy Company Profile
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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