Zacks: Brokerages Expect Chesapeake Energy Co. (CHK) Will Post Earnings of $0.12 Per Share

Equities analysts predict that Chesapeake Energy Co. (NYSE:CHK) will announce earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Chesapeake Energy’s earnings, with estimates ranging from $0.07 to $0.18. Chesapeake Energy reported earnings of $0.34 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 64.7%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Chesapeake Energy will report full year earnings of $0.52 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.61. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.61 per share, with EPS estimates ranging from $0.48 to $0.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Wednesday, February 27th. The oil and gas exploration company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy had a net margin of 8.31% and a negative return on equity of 58.05%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS.

Several equities analysts have recently commented on CHK shares. Capital One Financial cut shares of Chesapeake Energy from an “overweight” rating to an “underweight” rating in a research report on Thursday, December 20th. Bank of America lowered shares of Chesapeake Energy from a “neutral” rating to an “underperform” rating in a research note on Friday, January 4th. Imperial Capital dropped their price objective on shares of Chesapeake Energy from $5.00 to $3.00 and set an “in-line” rating on the stock in a research note on Thursday, January 10th. Raymond James increased their price objective on shares of Chesapeake Energy from $3.50 to $4.00 and gave the stock an “outperform” rating in a research note on Friday, January 11th. Finally, UBS Group set a $2.00 price objective on shares of Chesapeake Energy and gave the stock a “sell” rating in a research note on Monday, January 14th. Nine research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Chesapeake Energy currently has a consensus rating of “Hold” and a consensus price target of $4.01.

In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3.25, for a total value of $1,847,378.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in CHK. Retirement Systems of Alabama increased its stake in shares of Chesapeake Energy by 14.8% during the first quarter. Retirement Systems of Alabama now owns 1,359,421 shares of the oil and gas exploration company’s stock valued at $4,214,000 after acquiring an additional 174,759 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Chesapeake Energy by 15.3% during the first quarter. Louisiana State Employees Retirement System now owns 279,600 shares of the oil and gas exploration company’s stock valued at $867,000 after acquiring an additional 37,100 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Chesapeake Energy during the first quarter valued at approximately $114,000. Silverleafe Capital Partners LLC increased its stake in shares of Chesapeake Energy by 0.8% during the first quarter. Silverleafe Capital Partners LLC now owns 846,921 shares of the oil and gas exploration company’s stock valued at $2,625,000 after acquiring an additional 7,101 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Chesapeake Energy by 20.4% during the first quarter. State of Alaska Department of Revenue now owns 114,691 shares of the oil and gas exploration company’s stock valued at $355,000 after acquiring an additional 19,447 shares during the period. Institutional investors own 58.81% of the company’s stock.

Shares of CHK stock traded down $0.10 during trading hours on Wednesday, hitting $3.07. 37,070,557 shares of the company were exchanged, compared to its average volume of 46,585,309. Chesapeake Energy has a one year low of $1.71 and a one year high of $5.60. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 3.41, a PEG ratio of 1.01 and a beta of 2.44.

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 Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

Featured Article: What is the Coverage Ratio?

Get a free copy of the Zacks research report on Chesapeake Energy (CHK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.