Equities research analysts forecast that Chesapeake Energy Co. (NYSE:CHK) will report $0.26 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Chesapeake Energy’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.43. Chesapeake Energy reported earnings per share of $0.23 in the same quarter last year, which suggests a positive year over year growth rate of 13%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Chesapeake Energy will report full year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.49 to $1.31. For the next year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.33 to $1.03. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Chesapeake Energy.
Chesapeake Energy (NYSE:CHK) last issued its earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. Chesapeake Energy’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business earned $0.07 earnings per share.
A number of institutional investors and hedge funds have recently modified their holdings of CHK. Financial Partners Group Inc bought a new position in Chesapeake Energy during the fourth quarter worth about $114,000. Brave Asset Management Inc. boosted its holdings in Chesapeake Energy by 154.2% during the third quarter. Brave Asset Management Inc. now owns 38,130 shares of the oil and gas exploration company’s stock worth $164,000 after buying an additional 23,130 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Chesapeake Energy during the third quarter worth about $170,000. All Terrain Financial Advisors LLC bought a new position in Chesapeake Energy during the fourth quarter worth about $170,000. Finally, Sigma Planning Corp lifted its holdings in shares of Chesapeake Energy by 187.5% during the 3rd quarter. Sigma Planning Corp now owns 41,169 shares of the oil and gas exploration company’s stock valued at $177,000 after purchasing an additional 26,850 shares in the last quarter. Hedge funds and other institutional investors own 61.93% of the company’s stock.
Shares of Chesapeake Energy (NYSE CHK) traded down $0.06 during midday trading on Wednesday, hitting $3.06. The company’s stock had a trading volume of 27,941,008 shares, compared to its average volume of 38,150,098. Chesapeake Energy has a 12 month low of $2.53 and a 12 month high of $6.59. The company has a market capitalization of $2,800.00, a PE ratio of 1.35 and a beta of 1.93. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 and a current ratio of 0.65.
ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/03/14/zacks-analysts-anticipate-chesapeake-energy-co-chk-to-post-0-26-earnings-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.