Chesapeake Energy Corporation (NASDAQ:CHK) Expected To Report Earnings On Thursday

by Frankie Norman February 24, 2018, 6:13
Chesapeake Energy Corporation (NASDAQ:CHK) Expected To Report Earnings On Thursday

Mizuho analyst Timothy Rezvan suggested the recent stock price slide may have been overdone.

The Oklahoma City-based oil and natural gas company in the fourth quarter produced more than 593,000 barrels of oil equivalent per day, up 3 percent overall from the year-ago quarter and up 15 percent adjusting for asset sales. Over the past four quarters, CHK has closed lower the next day each time, averaging a loss of 5.1%.

Wall Street analysts are predicting that Chesapeake Energy Corp (NYSE:CHK) will report earnings per share of $0.24 in their quarterly report. It has outperformed by 33.04% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q3. The number of shares now owned by investors are 41.74 mln. Sigma Planning has 41,169 shares for 0.01% of their portfolio.

Chesapeake Energy Corporation's most recent earnings report also includes its outlook for the full year of 2018.

Rhumbline Advisers owns 1.47 million shares.

Consequently Chesapeake Energy Corp (NYSE:CHK)'s weekly and monthly volatility is 5.58%, 6.16% respectively.

"We further demonstrated the depth of our portfolio by closing on approximately $1.3 billion in asset and property sales and signed additional asset sales for approximately $575 million that we expect to close by the end of the 2018 second quarter". Dimensional Fund LP reported 441,768 shares.

Oil, natural gas and natural gas liquids revenue was up 18 percent despite a 14 percent drop in production. Guggenheim Capital LLC lifted its stake in shares of Chesapeake Energy by 21.5% in the fourth quarter. 943,061 were reported by Fmr Limited Com. This nets out to a decrease of 5.07 million shares and is another bearish sign for CHK. Rhumbline Advisers reported 1.47 million shares. Advisory holds 12,847 shares or 0% of its portfolio. Highbridge Ltd reported 419,050 shares or 0.03% of all its holdings. The company has also vertically integrated its operations and owns substantial marketing, midstream and oilfield services businesses directly and indirectly through its subsidiaries Chesapeake Energy Marketing, Inc., Chesapeake Midstream Development, L.P. and Chesapeake Oilfield Services, L.L.C. and its affiliate Chesapeake Midstream Partners, L.P.

Among 32 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 9 Sell and 16 Hold. Therefore 14% are positive.

For the current quarter Chesapeake Energy Corp (NYSE:CHK) has average revenue estimates of $2.28 Billion, a total number of 8 analysts provided estimations over revenues. Chesapeake Energy Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Martin R Brad has acquired 25,000 shares of Chesapeake Energy Corporation (CHK) in trading session dated August 11, 2017. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. Barclays Capital maintained Chesapeake Energy Corporation (NYSE:CHK) rating on Wednesday, October 11. ValuEngine cut Chesapeake Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 2nd. Sterne Agee CRT downgraded the shares of CHK in report on Tuesday, November 17 to "Neutral" rating.

Analysts await Unitil Corporation (NYSE:UTL) to report earnings on April, 26. During the same quarter past year, the company earned $0.07 earnings per share. OLN's profit will be $40.11 million for 35.16 P/E if the $0.24 EPS becomes a reality. Analysts had expected earnings per share of 24 cents.

Letko Brosseau & Associates Inc increased its stake in Lifepoint Health Inc (LPNT) by 2.98% based on its latest 2017Q3 regulatory filing with the SEC. It also increased its holding in Transocean Ltd (Put) (NYSE:RIG) by 1.77 million shares in the quarter, for a total of 2.17M shares, and has risen its stake in Gnc Hldgs Inc (Put) (NYSE:GNC).

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