Chesapeake Energy Co. Expected to Earn Q1 2021 Earnings of $0.02 Per Share (CHK)

Chesapeake Energy Co. (NYSE:CHK) – Analysts at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for Chesapeake Energy in a research report issued to clients and investors on Friday, May 17th. Jefferies Financial Group analyst M. Lear expects that the oil and gas exploration company will earn $0.02 per share for the quarter.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. The business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Chesapeake Energy’s revenue for the quarter was down 25.3% compared to the same quarter last year.

A number of other analysts have also recently issued reports on the company. Guggenheim reissued a “neutral” rating on shares of Chesapeake Energy in a research note on Wednesday, April 17th. Citigroup raised their price target on shares of Chesapeake Energy from $2.50 to $3.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Raymond James set a $5.00 price target on shares of Chesapeake Energy and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Goldman Sachs Group cut shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $2.75 to $2.50 in a research note on Friday, April 12th. They noted that the move was a valuation call. Finally, Argus cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.01.

NYSE CHK opened at $2.41 on Monday. Chesapeake Energy has a 52-week low of $1.71 and a 52-week high of $5.60. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $3.94 billion, a P/E ratio of 2.68, a price-to-earnings-growth ratio of 25.71 and a beta of 2.39.

A number of institutional investors have recently made changes to their positions in CHK. Man Group plc acquired a new stake in Chesapeake Energy during the 3rd quarter valued at $412,000. Teachers Advisors LLC lifted its holdings in Chesapeake Energy by 3.0% during the 3rd quarter. Teachers Advisors LLC now owns 1,083,158 shares of the oil and gas exploration company’s stock valued at $4,863,000 after purchasing an additional 31,725 shares during the last quarter. Oakbrook Investments LLC lifted its holdings in Chesapeake Energy by 6.8% during the 4th quarter. Oakbrook Investments LLC now owns 99,000 shares of the oil and gas exploration company’s stock valued at $208,000 after purchasing an additional 6,300 shares during the last quarter. Nachman Norwood & Parrott Inc acquired a new stake in Chesapeake Energy during the 4th quarter valued at $42,000. Finally, SOL Capital Management CO lifted its holdings in Chesapeake Energy by 42.3% during the 4th quarter. SOL Capital Management CO now owns 137,365 shares of the oil and gas exploration company’s stock valued at $288,000 after purchasing an additional 40,800 shares during the last quarter. 58.81% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Ngp Energy Capital Management, sold 5,913,736 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $3.29, for a total value of $19,456,191.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.

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 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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