Chesapeake Energy (CHK) Posts Quarterly Earnings, Misses Expectations By $0.16 EPS
Chesapeake Energy (NYSE:CHK) issued its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.16, Analyst Ratings News reports. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.67 billion.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Chesapeake Energy from $26.00 to $33.00 in a research note on Wednesday, July 23rd. On a related note, analysts at Deutsche Bank reiterated a “hold” rating on shares of Chesapeake Energy in a research note on Friday, July 18th. They now have a $33.00 price target on the stock, up previously from $31.00. Finally, analysts at Howard Weil raised their price target on shares of Chesapeake Energy from $31.00 to $34.00 in a research note on Thursday, July 10th. They now have a “sector perform” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.33.
Chesapeake Energy (NYSE:CHK) opened at 26.06 on Wednesday. Chesapeake Energy has a 52-week low of $22.6301 and a 52-week high of $29.92. The stock’s 50-day moving average is $28.02 and its 200-day moving average is $26.26. The company has a market cap of $16.910 billion and a price-to-earnings ratio of 21.09.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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