Chesapeake Energy Co. (NASDAQ:CHK – Get Rating) – Research analysts at Capital One Financial decreased their Q1 2022 EPS estimates for Chesapeake Energy in a research report issued on Wednesday, April 20th. Capital One Financial analyst P. Johnston now expects that the company will earn $2.37 per share for the quarter, down from their previous estimate of $2.43. Capital One Financial also issued estimates for Chesapeake Energy’s Q2 2022 earnings at $2.80 EPS and FY2022 earnings at $11.46 EPS.
A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Chesapeake Energy in a report on Friday, February 11th. They issued an “overweight” rating and a $85.00 price target for the company. Zacks Investment Research downgraded shares of Chesapeake Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 5th. Bank of America assumed coverage on shares of Chesapeake Energy in a report on Monday, January 10th. They issued a “buy” rating and a $90.00 price target for the company. Royal Bank of Canada upped their price target on shares of Chesapeake Energy from $88.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday, March 8th. Finally, Siebert Williams Shank initiated coverage on Chesapeake Energy in a report on Monday, December 27th. They set a “buy” rating and a $90.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $89.55.
Chesapeake Energy (NASDAQ:CHK – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The company reported $2.39 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.01). The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Chesapeake Energy had a return on equity of 160.87% and a net margin of 108.93%. During the same period in the previous year, the company earned ($42.54) EPS.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Monday, March 7th were paid a dividend of $0.438 per share. This is an increase from Chesapeake Energy’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, March 4th. This represents a $1.75 annualized dividend and a yield of 2.02%.
In other Chesapeake Energy news, major shareholder Holdings L.P. Blackstone III sold 186,085 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $96.25, for a total value of $17,910,681.25. Following the completion of the sale, the insider now owns 4,156,830 shares in the company, valued at approximately $400,094,887.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CHK. Future Financial Wealth Managment LLC bought a new stake in Chesapeake Energy during the 4th quarter worth approximately $33,000. Smith Group Asset Management LLC bought a new stake in Chesapeake Energy during the 4th quarter worth approximately $34,000. Patriot Financial Group Insurance Agency LLC bought a new stake in Chesapeake Energy during the 4th quarter worth approximately $39,000. Saltoro Capital LP acquired a new position in Chesapeake Energy during the 4th quarter worth $54,000. Finally, Loomis Sayles & Co. L P lifted its holdings in Chesapeake Energy by 27.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 867 shares of the company’s stock worth $56,000 after buying an additional 189 shares in the last quarter.
About Chesapeake Energy (Get Rating)
Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana; and the liquids-rich resource play in the Eagle Ford Shale in South Texas.
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