Chesapeake Energy (NASDAQ:CHK) Posts Earnings Results

Chesapeake Energy (NASDAQ:CHK) released its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), Briefing.com reports. The company had revenue of $505.00 million for the quarter, compared to analyst estimates of $822.54 million. Chesapeake Energy had a net margin of 16.42% and a return on equity of 4.87%. Chesapeake Energy’s revenue for the quarter was down 73.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS.

Chesapeake Energy Trading Down 1.6 %

Chesapeake Energy stock opened at $76.57 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.33 and a current ratio of 2.33. Chesapeake Energy has a one year low of $72.84 and a one year high of $93.58. The stock has a market cap of $10.03 billion, a PE ratio of 10.32 and a beta of 0.47. The stock has a 50-day moving average of $84.74 and a two-hundred day moving average of $84.31.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHK shares. Jefferies Financial Group lowered their price objective on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. UBS Group boosted their price objective on Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Wolfe Research started coverage on Chesapeake Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $110.00 target price on the stock. Scotiabank boosted their price objective on shares of Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has an average rating of “Hold” and a consensus target price of $106.62.

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.