$0.24 EPS Expected for Chesapeake Energy Co. (CHK) This Quarter

Equities analysts expect Chesapeake Energy Co. (NYSE:CHK) to post earnings per share (EPS) of $0.24 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Chesapeake Energy’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.36. Chesapeake Energy posted earnings of $0.07 per share during the same quarter last year, which indicates a positive year over year growth rate of 242.9%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Chesapeake Energy will report full-year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.86. For the next financial year, analysts anticipate that the business will report earnings of $0.83 per share, with EPS estimates ranging from $0.40 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. Chesapeake Energy’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS.

A number of research analysts have recently weighed in on the stock. Mizuho restated a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a report on Friday, September 29th. ValuEngine downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $6.00 target price on shares of Chesapeake Energy in a report on Wednesday. BMO Capital Markets set a $3.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Imperial Capital started coverage on shares of Chesapeake Energy in a report on Tuesday, September 19th. They issued an “in-line” rating and a $5.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.10.

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Chesapeake Energy by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after buying an additional 164 shares in the last quarter. Exencial Wealth Advisors LLC boosted its position in Chesapeake Energy by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after buying an additional 226 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Chesapeake Energy by 3.4% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 33,055 shares of the oil and gas exploration company’s stock valued at $164,000 after buying an additional 1,100 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Chesapeake Energy by 3.2% in the second quarter. Private Advisor Group LLC now owns 38,263 shares of the oil and gas exploration company’s stock worth $178,000 after acquiring an additional 1,195 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Chesapeake Energy by 4.2% in the second quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock worth $149,000 after acquiring an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

Chesapeake Energy (NYSE:CHK) traded down $0.06 during trading on Friday, hitting $3.99. 33,487,000 shares of the stock were exchanged, compared to its average volume of 25,260,000. The company has a market cap of $3,630.00, a P/E ratio of -6.88 and a beta of 2.16. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy has a fifty-two week low of $3.41 and a fifty-two week high of $7.29.

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About Chesapeake Energy

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

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