Equities research analysts expect Chesapeake Energy Co. (NYSE:CHK) to report earnings of $0.26 per share for the current quarter, Zacks reports. Four analysts have made estimates for Chesapeake Energy’s earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.43. Chesapeake Energy posted earnings per share of $0.23 during the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The company is scheduled to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Chesapeake Energy will report full year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.49 to $1.31. For the next year, analysts forecast that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.33 to $1.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Chesapeake Energy.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS.
Large investors have recently added to or reduced their stakes in the business. Financial Partners Group Inc acquired a new position in Chesapeake Energy during the 4th quarter worth approximately $114,000. Brave Asset Management Inc. boosted its position in Chesapeake Energy by 154.2% during the 3rd quarter. Brave Asset Management Inc. now owns 38,130 shares of the oil and gas exploration company’s stock worth $164,000 after acquiring an additional 23,130 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Chesapeake Energy during the 3rd quarter worth approximately $170,000. Sigma Planning Corp raised its stake in shares of Chesapeake Energy by 187.5% during the 3rd quarter. Sigma Planning Corp now owns 41,169 shares of the oil and gas exploration company’s stock worth $177,000 after purchasing an additional 26,850 shares in the last quarter. Finally, All Terrain Financial Advisors LLC bought a new stake in shares of Chesapeake Energy during the 4th quarter worth approximately $170,000. 61.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Chesapeake Energy (NYSE CHK) traded down $0.06 during trading hours on Wednesday, reaching $3.06. The company’s stock had a trading volume of 27,941,008 shares, compared to its average volume of 38,150,098. The company has a market cap of $2,800.00, a PE ratio of 1.35 and a beta of 1.93. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $6.59. The company has a debt-to-equity ratio of -4.86, a current ratio of 0.65 and a quick ratio of 0.65.
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About Chesapeake Energy
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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