Chesapeake Energy (NYSE:CHK) posted its earnings results on Tuesday. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04, Briefing.com reports. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chesapeake Energy had a net margin of 6.91% and a negative return on equity of 52.94%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share.
Shares of CHK stock traded down $0.05 on Thursday, reaching $3.46. 29,432,333 shares of the company were exchanged, compared to its average volume of 33,906,704. The stock has a market capitalization of $2.98 billion, a P/E ratio of 4.22, a P/E/G ratio of 0.44 and a beta of 1.86. Chesapeake Energy has a 1 year low of $2.53 and a 1 year high of $5.60.
A number of research analysts have weighed in on the stock. Imperial Capital decreased their price objective on shares of Chesapeake Energy from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Wednesday. Piper Jaffray Companies reiterated a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, July 20th. Credit Suisse Group set a $3.00 price objective on shares of Chesapeake Energy and gave the stock a “sell” rating in a research report on Wednesday. Raymond James upgraded shares of Chesapeake Energy from a “market perform” rating to an “outperform” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Thursday, October 25th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.91.
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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