Chesapeake Energy (CHK) to Release Earnings on Monday

Chesapeake Energy (NASDAQ:CHK) will issue its quarterly earnings data after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Chesapeake Energy (NASDAQ:CHK) last released its earnings results on Tuesday, April 30th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $674.99 million. Chesapeake Energy had a net margin of 16.42% and a return on equity of 4.87%. During the same quarter in the previous year, the company posted $1.87 earnings per share. On average, analysts expect Chesapeake Energy to post $1 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Chesapeake Energy Stock Performance

Shares of NASDAQ:CHK opened at $77.79 on Friday. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 10.48 and a beta of 0.47. The firm’s 50 day simple moving average is $85.04 and its 200 day simple moving average is $84.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.33 and a quick ratio of 2.33. Chesapeake Energy has a fifty-two week low of $72.84 and a fifty-two week high of $93.58.

Chesapeake Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Thursday, May 16th were given a $0.715 dividend. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from Chesapeake Energy’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, May 15th. Chesapeake Energy’s dividend payout ratio (DPR) is currently 31.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Mizuho raised their price target on shares of Chesapeake Energy from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Jefferies Financial Group decreased their price target on shares of Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Benchmark decreased their price target on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, UBS Group raised their price target on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $106.62.

Chesapeake Energy Company Profile

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.