Chesapeake Energy Corporation (CHK) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $-0.10 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $-0.11. The company posted revenue of $1953.00 million in the period, compared to analysts expectations of $1016.02 million. The company’s revenue was down -39.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on Chesapeake Energy Corporation. Chesapeake Energy Corporation was Upgraded by Tudor Pickering to ” Hold” on Apr 12, 2016. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 5 from a previous price target of $4 .Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 4 from a previous price target of $5 .
Chesapeake Energy Corporation closed down -0.15 points or -2.59% at $5.65 with 2,67,50,022 shares getting traded on Wednesday. Post opening the session at $6.09, the shares hit an intraday low of $5.62 and an intraday high of $6.18 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 20, 2015, Thomas L Ryan (director) purchased 10,000 shares at $5.47 per share price. According to the SEC, on Nov 18, 2015, Robert D. Lawler (CEO) purchased 50,000 shares at $5.88 per share price. On Jun 29, 2015, R Brad Martin (director) purchased 10,000 shares at $11.20 per share price, according to the Form-4 filing with the securities and exchange commission.
Chesapeake Energy Corporation is a producer of natural gas oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production and Marketing Gathering and Compression. The exploration and production segment is responsible for finding and producing oil natural gas and NGL. The marketing gathering and compression operating segment is responsible for marketing gathering and compression of oil natural gas and NGL. The Company owns interests in approximately 45100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31 2014 the Company held an interest in approximately 45100 gross productive wells including 33600 properties in which it held a working interest and 11500 properties in which it held an overriding royalty interest.