Zacks: Analysts Anticipate Chesapeake Energy Co. (CHK) Will Post Earnings of $0.27 Per Share

Brokerages expect Chesapeake Energy Co. (NYSE:CHK) to report $0.27 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Chesapeake Energy’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.18. Chesapeake Energy posted earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The firm is expected to announce its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Chesapeake Energy will report full year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $1.31. For the next fiscal year, analysts forecast that the company will report earnings of $0.65 per share, with EPS estimates ranging from $0.33 to $1.03. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Chesapeake Energy.

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Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year.

CHK has been the topic of several research analyst reports. UBS initiated coverage on Chesapeake Energy in a research note on Wednesday, March 7th. They set a “buy” rating and a $2.80 price target on the stock. Mizuho lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $4.28 to $8.00 in a research note on Tuesday, January 16th. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Chesapeake Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of Chesapeake Energy in a research note on Friday, February 23rd. Ten research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Chesapeake Energy presently has a consensus rating of “Hold” and an average price target of $4.63.

Several institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Chesapeake Energy by 41.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock worth $213,000 after purchasing an additional 15,804 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Chesapeake Energy by 9.0% during the 3rd quarter. Nationwide Fund Advisors now owns 238,475 shares of the oil and gas exploration company’s stock worth $1,025,000 after purchasing an additional 19,739 shares during the last quarter. Oarsman Capital Inc. raised its position in shares of Chesapeake Energy by 14.6% during the 4th quarter. Oarsman Capital Inc. now owns 188,100 shares of the oil and gas exploration company’s stock worth $745,000 after purchasing an additional 24,000 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Chesapeake Energy by 2.0% during the 4th quarter. Teachers Advisors LLC now owns 1,242,782 shares of the oil and gas exploration company’s stock worth $4,921,000 after purchasing an additional 24,039 shares during the last quarter. Finally, Standard Life Aberdeen plc raised its position in shares of Chesapeake Energy by 9.0% during the 4th quarter. Standard Life Aberdeen plc now owns 299,974 shares of the oil and gas exploration company’s stock worth $1,190,000 after purchasing an additional 24,709 shares during the last quarter. Hedge funds and other institutional investors own 61.81% of the company’s stock.

CHK traded down $0.07 during trading on Tuesday, reaching $3.04. The company’s stock had a trading volume of 28,545,202 shares, compared to its average volume of 37,002,227. The firm has a market capitalization of $2,855.02, a PE ratio of 3.71 and a beta of 1.78. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of -4.86. Chesapeake Energy has a 52-week low of $2.53 and a 52-week high of $5.87.

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About Chesapeake Energy

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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