Equities analysts predict that Chesapeake Energy Corporation (NYSE:CHK) will announce earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Chesapeake Energy Corporation’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.11. Chesapeake Energy Corporation posted earnings per share of $0.09 in the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Chesapeake Energy Corporation will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.94. For the next fiscal year, analysts forecast that the company will post earnings of $0.81 per share, with EPS estimates ranging from $0.29 to $1.36. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Chesapeake Energy Corporation.

Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted ($0.14) earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year.

Several research analysts have commented on CHK shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research report on Monday, May 1st. Scotiabank reissued a “hold” rating and issued a $6.00 price objective on shares of Chesapeake Energy Corporation in a research report on Friday, May 5th. FBR & Co reissued a “sell” rating on shares of Chesapeake Energy Corporation in a research report on Friday, May 5th. Macquarie reissued a “neutral” rating on shares of Chesapeake Energy Corporation in a research report on Monday, May 8th. Finally, Bank of America Corporation lowered Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, May 11th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy Corporation presently has an average rating of “Hold” and an average price target of $6.53.

In related news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the purchase, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas L. Ryan bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $5.00 per share, with a total value of $375,000.00. Following the completion of the purchase, the director now owns 440,355 shares of the company’s stock, valued at $2,201,775. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 120,400 shares of company stock valued at $570,570. 1.14% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Chesapeake Energy Corporation by 19.3% in the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock worth $540,542,000 after buying an additional 17,615,861 shares during the last quarter. Harris Associates L P increased its position in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock worth $388,926,000 after buying an additional 32,145,200 shares during the last quarter. State Street Corp increased its position in shares of Chesapeake Energy Corporation by 9.1% in the second quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock worth $237,402,000 after buying an additional 3,982,812 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Chesapeake Energy Corporation by 1.9% in the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock worth $53,860,000 after buying an additional 171,476 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Chesapeake Energy Corporation by 5.6% in the second quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock worth $40,850,000 after buying an additional 433,272 shares during the last quarter. Institutional investors own 64.51% of the company’s stock.

Chesapeake Energy Corporation (NYSE:CHK) traded down 0.411% during mid-day trading on Tuesday, reaching $3.635. The company’s stock had a trading volume of 18,968,598 shares. Chesapeake Energy Corporation has a 12-month low of $3.55 and a 12-month high of $8.20. The firm’s 50 day moving average price is $4.46 and its 200 day moving average price is $5.19. The stock’s market cap is $3.24 billion. Chesapeake Energy Corporation also was the recipient of some unusual options trading on Monday. Stock investors acquired 75,259 put options on the company. This represents an increase of approximately 483% compared to the typical daily volume of 12,904 put options.

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About Chesapeake Energy Corporation

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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Earnings History and Estimates for Chesapeake Energy Corporation (NYSE:CHK)

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