Chesapeake Energy (CHK) to Release Quarterly Earnings on Tuesday

Chesapeake Energy (NASDAQ:CHK - Get Free Report) is scheduled to be posting 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. Investors that wish to listen to the company's conference call can do so using this link.

Chesapeake Energy (NASDAQ:CHK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $962.95 million. During the same quarter last year, the company 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

NASDAQ CHK traded up $0.12 during trading hours on Tuesday, reaching $88.53. 1,186,466 shares of the company were exchanged, compared to its average volume of 2,047,860. Chesapeake Energy has a 1 year low of $72.84 and a 1 year high of $91.03. The business's 50 day simple moving average is $85.07 and its 200-day simple moving average is $82.01. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $11.58 billion, a P/E ratio of 5.26 and a beta of 0.52.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 dividend on an annualized basis and a yield of 2.60%. Chesapeake Energy's dividend payout ratio (DPR) is presently 13.66%.

Analysts Set New Price Targets

CHK has been the subject of several recent research reports. KeyCorp initiated coverage on shares of Chesapeake Energy in a research note on Thursday, April 4th. They issued a "sector weight" rating for the company. Jefferies Financial Group reduced their target price 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. UBS Group lifted their target price 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. Barclays began coverage on shares of Chesapeake Energy in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $102.00 target price for the company. Finally, Citigroup upgraded shares of Chesapeake Energy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $82.00 to $95.00 in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $103.58.

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.