$1.21 Billion in Sales Expected for Chesapeake Energy Co. (CHK) This Quarter

Equities research analysts expect that Chesapeake Energy Co. (NYSE:CHK) will report $1.21 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Chesapeake Energy’s earnings, with estimates ranging from $1.17 billion to $1.28 billion. Chesapeake Energy posted sales of $678.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 78.5%. The business is scheduled to report its next earnings results before the market opens on Thursday, February 22nd.

On average, analysts expect that Chesapeake Energy will report full year sales of $1.21 billion for the current year, with estimates ranging from $4.43 billion to $4.90 billion. For the next financial year, analysts expect that the business will post sales of $4.86 billion per share, with estimates ranging from $4.64 billion to $5.11 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Chesapeake Energy.

Several research firms have recently weighed in on CHK. Mizuho lowered shares of Chesapeake Energy from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $4.28 to $8.00 in a research note on Tuesday, January 16th. BMO Capital Markets set a $4.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks restated a “buy” rating and set a $6.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. Piper Jaffray Companies restated a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research note on Tuesday, January 9th. Finally, ValuEngine lowered shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Chesapeake Energy has an average rating of “Hold” and an average price target of $5.29.

A number of hedge funds and other institutional investors have recently bought and sold shares of CHK. State Street Corp boosted its holdings in Chesapeake Energy by 9.1% in the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after purchasing an additional 3,982,812 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Chesapeake Energy by 55.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,181,585 shares of the oil and gas exploration company’s stock worth $26,581,000 after acquiring an additional 2,208,035 shares during the period. Old West Investment Management LLC lifted its holdings in shares of Chesapeake Energy by 96.3% during the 3rd quarter. Old West Investment Management LLC now owns 2,157,554 shares of the oil and gas exploration company’s stock worth $9,277,000 after acquiring an additional 1,058,477 shares during the period. Creative Planning lifted its holdings in shares of Chesapeake Energy by 58.0% during the 4th quarter. Creative Planning now owns 1,762,031 shares of the oil and gas exploration company’s stock worth $6,978,000 after acquiring an additional 646,642 shares during the period. Finally, FMR LLC lifted its holdings in shares of Chesapeake Energy by 183.9% during the 2nd quarter. FMR LLC now owns 738,024 shares of the oil and gas exploration company’s stock worth $3,668,000 after acquiring an additional 478,107 shares during the period. 63.80% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy (CHK) opened at $2.85 on Friday. The firm has a market cap of $2,590.00, a PE ratio of -4.91 and a beta of 1.83. Chesapeake Energy has a 52 week low of $2.53 and a 52 week high of $6.59. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53.

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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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