$0.15 EPS Expected for Chesapeake Energy Corporation (CHK) This Quarter
Brokerages expect Chesapeake Energy Corporation (NYSE:CHK) to post $0.15 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Chesapeake Energy Corporation’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.21. Chesapeake Energy Corporation reported earnings of $0.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The business is scheduled to announce its next earnings results on Thursday, November 2nd.
On average, analysts expect that Chesapeake Energy Corporation will report full-year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.70 to $0.94. For the next fiscal year, analysts expect that the company will report earnings of $0.84 per share, with EPS estimates ranging from $0.29 to $1.36. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Chesapeake Energy Corporation.
Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS.
Several research analysts have recently weighed in on the company. ValuEngine cut Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. BidaskClub cut Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Vetr upgraded Chesapeake Energy Corporation from a “hold” rating to a “strong-buy” rating and set a $5.68 price target for the company in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $6.00 price target (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research note on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.42.
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In other Chesapeake Energy Corporation news, Director R Brad Martin acquired 25,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $4.11 per share, with a total value of $102,750.00. Following the completion of the purchase, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHK. Cleararc Capital Inc. boosted its stake in shares of Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after acquiring an additional 508 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Chesapeake Energy Corporation in the second quarter worth about $115,000. Advisory Services Network LLC boosted its stake in shares of Chesapeake Energy Corporation by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after acquiring an additional 7,000 shares during the period. UBS Oconnor LLC bought a new position in shares of Chesapeake Energy Corporation in the second quarter worth about $122,000. Finally, Gotham Asset Management LLC bought a new position in shares of Chesapeake Energy Corporation in the second quarter worth about $126,000. 64.51% of the stock is owned by hedge funds and other institutional investors.
Chesapeake Energy Corporation (CHK) traded down 2.44% during mid-day trading on Friday, hitting $4.00. 66,705,048 shares of the stock were exchanged. The stock has a 50 day moving average price of $4.05 and a 200 day moving average price of $4.96. The company’s market capitalization is $3.57 billion. Chesapeake Energy Corporation has a 1-year low of $3.55 and a 1-year high of $8.20.
About Chesapeake Energy Corporation
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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