Brokerages Anticipate Chesapeake Energy Co. (CHK) Will Announce Earnings of $0.13 Per Share

Brokerages expect that Chesapeake Energy Co. (NYSE:CHK) will report earnings of $0.13 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Chesapeake Energy’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.10. Chesapeake Energy posted earnings per share of $0.18 in the same quarter last year, which suggests a negative year-over-year growth rate of 27.8%. The company is scheduled to report its next earnings results on Thursday, August 2nd.

According to Zacks, analysts expect that Chesapeake Energy will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.62 to $0.96. For the next year, analysts expect that the firm will report earnings of $0.70 per share, with EPS estimates ranging from $0.46 to $1.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Chesapeake Energy.

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Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Chesapeake Energy had a negative return on equity of 43.41% and a net margin of 11.67%. Chesapeake Energy’s revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS.

A number of brokerages have recently commented on CHK. ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Sanford C. Bernstein reiterated a “hold” rating on shares of Chesapeake Energy in a research report on Friday, February 23rd. Citigroup lowered Chesapeake Energy from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $3.11 to $5.00 in a research report on Tuesday, April 17th. Finally, UBS assumed coverage on Chesapeake Energy in a research report on Wednesday, March 7th. They issued a “buy” rating and a $2.80 price objective for the company. Ten research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.58.

Shares of CHK stock traded down $0.25 on Tuesday, reaching $4.30. The company had a trading volume of 71,867,686 shares, compared to its average volume of 49,603,348. The company has a debt-to-equity ratio of -5.27, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a market cap of $3.92 billion, a PE ratio of 5.24 and a beta of 1.79. Chesapeake Energy has a 12 month low of $2.53 and a 12 month high of $5.30.

A number of large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chesapeake Energy by 41.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock valued at $213,000 after buying an additional 15,804 shares during the last quarter. Advantus Capital Management Inc boosted its holdings in shares of Chesapeake Energy by 21.9% in the 1st quarter. Advantus Capital Management Inc now owns 111,618 shares of the oil and gas exploration company’s stock valued at $337,000 after buying an additional 20,065 shares during the last quarter. Oarsman Capital Inc. boosted its holdings in shares of Chesapeake Energy by 14.6% in the 4th quarter. Oarsman Capital Inc. now owns 188,100 shares of the oil and gas exploration company’s stock valued at $745,000 after buying an additional 24,000 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Chesapeake Energy by 2.0% in the 4th quarter. Teachers Advisors LLC now owns 1,242,782 shares of the oil and gas exploration company’s stock valued at $4,921,000 after buying an additional 24,039 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its holdings in shares of Chesapeake Energy by 9.0% in the 4th quarter. Standard Life Aberdeen plc now owns 299,974 shares of the oil and gas exploration company’s stock valued at $1,190,000 after buying an additional 24,709 shares during the last quarter. 58.17% of the stock is owned by hedge funds and other institutional investors.

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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