Chesapeake Energy (CHK) Set to Announce Earnings on Tuesday

Chesapeake Energy (NASDAQ:CHK) will post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Chesapeake Energy to post earnings of $0.63 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.89. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $962.95 million. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. During the same quarter in the previous year, the firm 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 Stock Performance

Shares of NASDAQ:CHK opened at $88.41 on Tuesday. The firm has a 50 day moving average of $84.83 and a 200 day moving average of $82.00. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 5.25 and a beta of 0.52. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. Chesapeake Energy has a 52 week low of $72.84 and a 52 week high of $91.03.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s payout ratio is presently 13.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial reduced their price target on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. UBS Group upped their price target on Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Benchmark reduced their price target on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Jefferies Financial Group dropped their price objective 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. Finally, Citigroup raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $95.00 in a report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $103.58.

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.