Chesapeake Energy (NASDAQ:CHK) Releases Earnings Results

Chesapeake Energy (NASDAQ:CHK - Get Free Report) announced its earnings results on Tuesday. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.08), Briefing.com reports. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $674.99 million. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. During the same quarter last year, the business posted $1.87 earnings per share.

Chesapeake Energy Stock Down 3.6 %

Shares of CHK stock traded down $3.20 on Wednesday, hitting $86.68. 4,025,387 shares of the stock were exchanged, compared to its average volume of 2,056,130. The business has a 50-day moving average of $86.43 and a 200 day moving average of $82.10. Chesapeake Energy has a fifty-two week low of $72.84 and a fifty-two week high of $93.58. The firm has a market capitalization of $11.34 billion, a P/E ratio of 5.15 and a beta of 0.52. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19.

Chesapeake Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy's dividend payout ratio (DPR) is presently 13.66%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHK. Stephens upped their price target on Chesapeake Energy from $116.00 to $117.00 and gave the company an "equal weight" rating in a research note on Wednesday. Benchmark lowered 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 report on Tuesday, April 9th. Jefferies Financial Group cut 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. UBS Group increased their price target on Chesapeake Energy from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Finally, Scotiabank lifted their price objective on Chesapeake Energy from $92.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $105.83.

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.