Equities analysts expect Chesapeake Energy Co. (NYSE:CHK) to announce earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Chesapeake Energy’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at $0.00. Chesapeake Energy reported earnings of $0.21 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 128.6%. The firm is scheduled to issue its next earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Chesapeake Energy will report full-year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.19). For the next year, analysts expect that the business will post earnings of ($0.27) per share, with EPS estimates ranging from ($0.40) to ($0.14). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last released its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. Chesapeake Energy had a net margin of 5.46% and a return on equity of 9.01%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share.

Several research firms have weighed in on CHK. Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Tuesday, November 26th. Credit Suisse Group reaffirmed a “sell” rating and issued a $0.50 target price on shares of Chesapeake Energy in a research report on Monday, December 23rd. ValuEngine raised Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. MKM Partners dropped coverage on Chesapeake Energy in a research report on Tuesday, October 8th. Finally, Morgan Stanley downgraded Chesapeake Energy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $2.25 to $1.25 in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $1.97.

NYSE CHK traded up $0.01 during trading on Wednesday, hitting $0.68. The stock had a trading volume of 49,126,287 shares, compared to its average volume of 61,717,590. The company has a market capitalization of $1.43 billion, a PE ratio of 0.76 and a beta of 2.36. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.94. The firm has a 50 day moving average price of $0.79 and a 200 day moving average price of $1.28. Chesapeake Energy has a twelve month low of $0.55 and a twelve month high of $3.57.

In other Chesapeake Energy news, Director Thomas L. Ryan purchased 200,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of $0.77 per share, with a total value of $154,000.00. Following the completion of the acquisition, the director now directly owns 928,531 shares of the company’s stock, valued at approximately $714,968.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William M. Buergler purchased 70,681 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $0.71 per share, with a total value of $50,183.51. Following the completion of the acquisition, the chief accounting officer now directly owns 408,221 shares of the company’s stock, valued at $289,836.91. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 570,681 shares of company stock valued at $477,184. Corporate insiders own 1.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CHK. Algebris UK Ltd acquired a new position in Chesapeake Energy in the third quarter valued at approximately $3,008,000. First Trust Advisors LP boosted its holdings in Chesapeake Energy by 366.5% in the third quarter. First Trust Advisors LP now owns 4,333,207 shares of the oil and gas exploration company’s stock valued at $6,110,000 after purchasing an additional 3,404,290 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in Chesapeake Energy in the second quarter valued at approximately $2,353,000. Nuveen Asset Management LLC boosted its holdings in Chesapeake Energy by 116.9% in the second quarter. Nuveen Asset Management LLC now owns 2,208,493 shares of the oil and gas exploration company’s stock valued at $4,306,000 after purchasing an additional 1,190,265 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Chesapeake Energy in the second quarter valued at approximately $2,041,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile

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 Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

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Earnings History and Estimates for Chesapeake Energy (NYSE:CHK)

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