Chesapeake Energy Co. (NYSE:CHK) Expected to Post Earnings of $3.45 Per Share

Analysts expect Chesapeake Energy Co. (NYSE:CHKGet Rating) to post earnings of $3.45 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Chesapeake Energy’s earnings, with estimates ranging from $2.87 to $4.38. Chesapeake Energy posted earnings per share of $1.64 during the same quarter last year, which indicates a positive year over year growth rate of 110.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Chesapeake Energy will report full-year earnings of $15.12 per share for the current fiscal year, with EPS estimates ranging from $12.57 to $16.70. For the next fiscal year, analysts forecast that the business will post earnings of $15.48 per share, with EPS estimates ranging from $10.46 to $22.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Chesapeake Energy.

Chesapeake Energy (NYSE:CHKGet Rating) last posted its earnings results on Wednesday, February 23rd. The company reported $2.39 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.01). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $1.08 billion.

Separately, StockNews.com upgraded shares of Chesapeake Energy from a “sell” rating to a “hold” rating in a research report on Wednesday.

Shares of NYSE CHK traded up $4.01 during midday trading on Friday, reaching $91.13. The stock had a trading volume of 2,546,466 shares, compared to its average volume of 1,859,896. Chesapeake Energy has a twelve month low of $48.19 and a twelve month high of $97.61. The firm has a 50 day simple moving average of $87.30.

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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