Analysts predict that Chesapeake Energy Co. (NYSE:CHK) will report earnings per share (EPS) of ($0.06) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Chesapeake Energy’s earnings, with estimates ranging from ($0.09) to $0.00. Chesapeake Energy posted earnings of $0.21 per share in the same quarter last year, which suggests a negative year over year growth rate of 128.6%. The business is expected to announce its next quarterly earnings results on Wednesday, February 26th.

On average, 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 fiscal year, analysts anticipate that the company will report earnings of ($0.27) per share, with EPS estimates ranging from ($0.40) to ($0.14). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Chesapeake Energy had a return on equity of 9.01% and a net margin of 5.46%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business posted $0.19 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis.

Several brokerages have issued reports on CHK. Credit Suisse Group restated a “sell” rating and set a $0.50 price objective on shares of Chesapeake Energy in a research report on Monday, December 23rd. ValuEngine upgraded shares of Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Imperial Capital cut their price objective on shares of Chesapeake Energy from $2.00 to $0.50 and set an “in-line” rating for the company in a research report on Monday, December 9th. MKM Partners dropped coverage on shares of Chesapeake Energy in a research report on Tuesday, October 8th. Finally, Zacks Investment Research upgraded shares of Chesapeake Energy from a “sell” rating to a “hold” rating and set a $1.25 price objective for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $1.97.

Chesapeake Energy stock traded up $0.01 during midday trading on Wednesday, reaching $0.68. 49,126,287 shares of the company’s stock were exchanged, compared to its average volume of 61,717,590. Chesapeake Energy has a 52 week low of $0.55 and a 52 week high of $3.57. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 0.76 and a beta of 2.36. The stock’s 50-day simple moving average is $0.79 and its 200 day simple moving average is $1.28.

In other Chesapeake Energy news, Director R Brad Martin purchased 250,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of $0.91 per share, for a total transaction of $227,500.00. Also, CEO Robert D. Lawler purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was acquired at an average price of $0.91 per share, with a total value of $45,500.00. Following the completion of the transaction, the chief executive officer now owns 5,133,298 shares of the company’s stock, valued at approximately $4,671,301.18. The disclosure for this purchase can be found here. Insiders have acquired 570,681 shares of company stock valued at $477,184 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHK. XR Securities LLC acquired a new stake in shares of Chesapeake Energy in the third quarter valued at approximately $25,000. Sunbelt Securities Inc. bought a new position in Chesapeake Energy in the third quarter valued at approximately $25,000. Cresset Asset Management LLC bought a new position in Chesapeake Energy in the second quarter valued at approximately $30,000. Moneta Group Investment Advisors LLC increased its stake in Chesapeake Energy by 169.7% in the second quarter. Moneta Group Investment Advisors LLC now owns 44,378 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 27,926 shares during the last quarter. Finally, Providence Capital Advisors LLC increased its stake in Chesapeake Energy by 32.8% in the second quarter. Providence Capital Advisors LLC now owns 30,120 shares of the oil and gas exploration company’s stock valued at $59,000 after acquiring an additional 7,435 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

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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