Chesapeake Energy Co. (CHK) Expected to Post Earnings of $0.17 Per Share

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Wall Street analysts expect that Chesapeake Energy Co. (NYSE:CHK) will report earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Chesapeake Energy’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.13. Chesapeake Energy reported earnings per share of $0.30 in the same quarter last year, which suggests a negative year-over-year growth rate of 43.3%. The company is expected to report its next earnings report before the market opens on Wednesday, February 27th.

According to Zacks, analysts expect that Chesapeake Energy will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.80 to $0.95. For the next financial year, analysts expect that the company will post earnings of $0.63 per share, with EPS estimates ranging from $0.31 to $0.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Chesapeake Energy.

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

A number of equities research analysts have issued reports on CHK shares. Zacks Investment Research cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. UBS Group set a $2.00 price target on shares of Chesapeake Energy and gave the company a “sell” rating in a report on Monday, January 14th. Morgan Stanley restated a “hold” rating and set a $6.00 price target (up from $5.00) on shares of Chesapeake Energy in a report on Friday, October 12th. Raymond James upped their price target on shares of Chesapeake Energy from $3.50 to $4.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Finally, Imperial Capital decreased their price target on shares of Chesapeake Energy from $5.00 to $3.00 and set an “in-line” rating for the company in a report on Thursday, January 10th. Nine analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $4.12.

In related news, Director Thomas L. Ryan bought 200,000 shares of Chesapeake Energy stock in a transaction that occurred on Monday, December 24th. The stock was acquired at an average price of $1.81 per share, for a total transaction of $362,000.00. Following the completion of the purchase, the director now owns 563,519 shares in the company, valued at $1,019,969.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R Brad Martin bought 25,000 shares of Chesapeake Energy stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of $2.35 per share, with a total value of $58,750.00. Following the purchase, the director now owns 752,900 shares of the company’s stock, valued at approximately $1,769,315. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,805,000 shares of company stock valued at $7,788,650. 1.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its position in Chesapeake Energy by 94.5% in the second quarter. Raymond James & Associates now owns 483,861 shares of the oil and gas exploration company’s stock worth $2,535,000 after purchasing an additional 235,090 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Chesapeake Energy by 93.5% in the second quarter. Tower Research Capital LLC TRC now owns 37,832 shares of the oil and gas exploration company’s stock worth $199,000 after purchasing an additional 18,277 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Chesapeake Energy by 20.0% in the second quarter. Public Employees Retirement System of Ohio now owns 469,214 shares of the oil and gas exploration company’s stock worth $2,459,000 after purchasing an additional 78,138 shares in the last quarter. Bank of New York Mellon Corp raised its position in Chesapeake Energy by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 9,775,942 shares of the oil and gas exploration company’s stock worth $51,227,000 after purchasing an additional 161,327 shares in the last quarter. Finally, Pennsylvania Trust Co raised its position in Chesapeake Energy by 101.1% in the third quarter. Pennsylvania Trust Co now owns 101,025 shares of the oil and gas exploration company’s stock worth $453,000 after purchasing an additional 50,800 shares in the last quarter. Institutional investors and hedge funds own 58.83% of the company’s stock.

NYSE:CHK traded down $0.05 during trading hours on Thursday, reaching $2.85. The company’s stock had a trading volume of 69,211,308 shares, compared to its average volume of 44,168,988. The stock has a market capitalization of $2.65 billion, a PE ratio of 3.48, a P/E/G ratio of 0.67 and a beta of 2.04. Chesapeake Energy has a one year low of $1.71 and a one year high of $5.60.

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

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