Analysts forecast that Chesapeake Energy Co. (NYSE:CHK) will post earnings of $0.17 per share for the current quarter, according to Zacks. Three analysts have made estimates for Chesapeake Energy’s earnings, with estimates ranging from $0.12 to $0.28. Chesapeake Energy posted earnings per share of $0.12 during the same quarter last year, which would indicate a positive year over year growth rate of 41.7%. The company is expected to report its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Chesapeake Energy will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.94. For the next fiscal year, analysts expect that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.60 to $1.15. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas exploration company reported $0.15 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.15. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Chesapeake Energy had a net margin of 6.16% and a negative return on equity of 46.15%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS.

A number of research firms recently weighed in on CHK. Piper Jaffray Companies reaffirmed a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, July 20th. ValuEngine lowered shares of Chesapeake Energy from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Citigroup reduced their target price on shares of Chesapeake Energy from $5.00 to $2.00 and set a “sell” rating on the stock in a report on Monday, June 25th. Zacks Investment Research lowered shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Bank of America upgraded shares of Chesapeake Energy from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $4.00 to $6.00 in a report on Friday, July 27th. Eight research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.54.

A number of institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC raised its holdings in shares of Chesapeake Energy by 457.7% in the 1st quarter. Penserra Capital Management LLC now owns 37,579 shares of the oil and gas exploration company’s stock valued at $110,000 after purchasing an additional 30,841 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Chesapeake Energy in the 2nd quarter valued at $123,000. American Century Companies Inc. acquired a new stake in shares of Chesapeake Energy in the 2nd quarter valued at $128,000. WESPAC Advisors SoCal LLC acquired a new stake in shares of Chesapeake Energy in the 2nd quarter valued at $131,000. Finally, Virtu Financial LLC acquired a new stake in shares of Chesapeake Energy in the 2nd quarter valued at $135,000. Institutional investors own 57.33% of the company’s stock.

Shares of NYSE:CHK traded down $0.03 during mid-day trading on Monday, reaching $4.03. 35,432,773 shares of the company were exchanged, compared to its average volume of 20,954,172. The company has a debt-to-equity ratio of -5.17, a quick ratio of 0.43 and a current ratio of 0.43. The stock has a market capitalization of $3.70 billion, a P/E ratio of 4.91, a PEG ratio of 0.45 and a beta of 1.86. Chesapeake Energy has a 1 year low of $2.53 and a 1 year high of $5.60.

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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