Wall Street brokerages predict that Chesapeake Energy Co. (NYSE:CHK) will post $1.26 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Chesapeake Energy’s earnings. The lowest sales estimate is $1.19 billion and the highest is $1.32 billion. Chesapeake Energy posted sales of $1.73 billion in the same quarter last year, which would indicate a negative year over year growth rate of 27.2%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that Chesapeake Energy will report full-year sales of $4.81 billion for the current year, with estimates ranging from $4.77 billion to $4.87 billion. For the next year, analysts forecast that the company will post sales of $4.40 billion, with estimates ranging from $4.13 billion to $4.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Chesapeake Energy.

Chesapeake Energy (NYSE:CHK) last released its earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Chesapeake Energy had a return on equity of 9.01% and a net margin of 5.46%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $0.19 EPS. Chesapeake Energy’s quarterly revenue was down 2.4% compared to the same quarter last year.

Several research firms have recently commented on CHK. Johnson Rice downgraded shares of Chesapeake Energy from an “accumulate” rating to a “hold” rating in a report on Tuesday, November 19th. Imperial Capital lowered their target price on shares of Chesapeake Energy from $2.00 to $0.50 and set an “in-line” rating on the stock in a report on Monday, December 9th. Credit Suisse Group reissued a “sell” rating and issued a $0.50 target price on shares of Chesapeake Energy in a report on Monday, December 23rd. Zacks Investment Research raised shares of Chesapeake Energy from a “sell” rating to a “hold” rating and set a $1.25 target price on the stock in a report on Wednesday. Finally, Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating in a report on Tuesday, November 26th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $1.97.

In other Chesapeake Energy news, CAO William M. Buergler purchased 70,681 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $0.71 per share, with a total value of $50,183.51. Following the completion of the purchase, the chief accounting officer now directly owns 408,221 shares in the company, valued at $289,836.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas L. Ryan purchased 200,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average cost of $0.77 per share, for a total transaction of $154,000.00. Following the purchase, the director now owns 928,531 shares of the company’s stock, valued at $714,968.87. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 570,681 shares of company stock worth $477,184. 1.90% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Algebris UK Ltd purchased a new stake in Chesapeake Energy during the third quarter valued at $3,008,000. Virtu Financial LLC increased its position in Chesapeake Energy by 15.7% during the third quarter. Virtu Financial LLC now owns 1,075,361 shares of the oil and gas exploration company’s stock valued at $1,516,000 after acquiring an additional 146,303 shares during the last quarter. Silverleafe Capital Partners LLC increased its position in Chesapeake Energy by 28.2% during the fourth quarter. Silverleafe Capital Partners LLC now owns 1,191,820 shares of the oil and gas exploration company’s stock valued at $984,000 after acquiring an additional 262,441 shares during the last quarter. First Trust Advisors LP increased its position in Chesapeake Energy by 366.5% during the third quarter. First Trust Advisors LP now owns 4,333,207 shares of the oil and gas exploration company’s stock valued at $6,110,000 after acquiring an additional 3,404,290 shares during the last quarter. Finally, Comerica Bank increased its position in Chesapeake Energy by 7.8% during the third quarter. Comerica Bank now owns 649,061 shares of the oil and gas exploration company’s stock valued at $961,000 after acquiring an additional 47,170 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Shares of CHK stock traded up $0.01 during mid-day trading on Friday, hitting $0.68. The company had a trading volume of 49,126,287 shares, compared to its average volume of 61,717,590. Chesapeake Energy has a 52-week low of $0.55 and a 52-week high of $3.57. The stock’s 50 day moving average price is $0.79 and its 200-day moving average price is $1.28. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $1.43 billion, a P/E ratio of 0.76 and a beta of 2.36.

About Chesapeake Energy

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

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

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