$0.23 Earnings Per Share Expected for Chesapeake Energy Corporation (CHK) This Quarter

15 November, 2017, 11:09 | Author: Regina Silva
  • Chesapeake Energy Stock Wall Street Analysts’ Recommendations

Shares of Chesapeake Energy Corporation (NYSE:CHK) traded up 0.73% in the last session while performance was up 4.14% in the last five days.

ILLEGAL ACTIVITY WARNING: "Short Interest in Chesapeake Energy Corporation (CHK) Drops By 7.1%" was published by Week Herald and is the property of of Week Herald. The stock stands almost $0.37 off versus the 52-week high of $29.26 and $8.34 above the 52-week low of $20.55.

Meanwhile, Chesapeake Energy stock has fallen ~40.2% year-to-date. The company is scheduled to report its next quarterly earnings results on Thursday, February 22nd. During the same quarter last year, the company posted $0.09 EPS. equities analysts predict that Chesapeake Energy Corporation will post 0.74 EPS for the current year. BMO Capital Markets set a $3.00 target price on Chesapeake Energy Corporation and gave the stock a "hold" rating in a report on Saturday, August 12th. The oil and gas exploration company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.12. Chesapeake Energy Corporation had a negative return on equity of 19.93% and a net margin of 2.77%. Following its 3Q17 earnings, its stock fell ~8% on the back of missed revenue estimates, coupled with the fact that the company increased its capital expenditure guidance range for 2017 from the previous $2.1 billion-$2.5 billion to a new range of $2.3 billion-$2.5 billion. During the same quarter in the prior year, the firm posted $0.09 EPS.

CHK has been the subject of a number of recent research reports.

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On September 29 Mizuho maintained a stock rating of "Hold" targeting a price of $5.00. ValuEngine raised Chesapeake Energy Corporation from a "hold" rating to a "buy" rating in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a "buy" rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 3.10, which implies that analysts are generally neutral in their outlook for CHK over the next year. Leading up to this report, we have seen a -18.58% fall in the stock price over the last 30 days and a -0.59% decline over the past 3 months.

Chesapeake Energy Corporation (CHK) opened at $4.15 on Tuesday. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. Its beta value stands at 2.15. Hedge funds and other institutional investors own 64.71% of the company's stock. Vanguard Group Inc. boosted its position in shares of Chesapeake Energy Corp.by 13.7% in the second quarter. The institutional investor owned 338,000 shares of the oil and gas exploration company's stock after selling 212,000 shares during the period. Clinton Group Inc. now owns 425,242 shares of the oil and gas exploration company's stock valued at $2,113,000 after buying an additional 343,776 shares during the last quarter. State of New Jersey Common Pension Fund D's holdings in Chesapeake Energy Corporation were worth $1,453,000 at the end of the most recent quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company's stock valued at $161,000 after buying an additional 226 shares during the last quarter. Finally, UBS Oconnor LLC purchased a new position in shares of Chesapeake Energy Corporation during the second quarter valued at approximately $122,000. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright law. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/14/0-23-earnings-per-share-expected-for-chesapeake-energy-corporation-chk-this-quarter.html.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia.

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