Chesapeake Energy (CHK) Set to Announce Quarterly Earnings on Tuesday

Chesapeake Energy (NASDAQ:CHK) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.89. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $962.95 million. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. During the same period in the prior year, the company posted $4.22 earnings per share. On average, analysts expect Chesapeake Energy to post $2 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Chesapeake Energy Trading Up 0.6 %

CHK opened at $92.06 on Friday. The stock has a market capitalization of $12.04 billion, a PE ratio of 5.47 and a beta of 0.52. The firm’s fifty day moving average price is $85.90 and its 200 day moving average price is $82.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99. Chesapeake Energy has a 12-month low of $72.84 and a 12-month high of $92.25.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were issued a $0.575 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 annualized dividend and a yield of 2.50%. Chesapeake Energy’s dividend payout ratio is presently 13.66%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CHK. Scotiabank upped their price target on shares of Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Benchmark dropped their target price on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Tuesday, April 9th. Barclays began coverage on shares of Chesapeake Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $102.00 target price on the stock. KeyCorp began coverage on shares of Chesapeake Energy in a report on Thursday, April 4th. They set a “sector weight” rating on the stock. Finally, Jefferies Financial Group dropped their target price on shares of Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Hold” and a consensus target price of $104.73.

About Chesapeake Energy

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. 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.