Capital One Financial Weighs in on Chesapeake Energy Co.’s Q1 2022 Earnings

Chesapeake Energy Co. (NASDAQ:CHK – Get Rating) – Equities researchers at Capital One Financial increased their Q1 2022 EPS estimates for Chesapeake Energy in a research report issued on Wednesday, March 23rd. Capital One Financial analyst P. Johnston now forecasts that the company will earn $2.39 per share for the quarter, up from their previous forecast of $2.03. Capital One Financial also issued estimates for Chesapeake Energy’s Q2 2022 earnings at $2.83 EPS, Q3 2022 earnings at $2.99 EPS, Q4 2022 earnings at $3.35 EPS, FY2022 earnings at $11.56 EPS and FY2023 earnings at $13.53 EPS.

A number of other analysts also recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Chesapeake Energy in a research report on Friday, February 11th. They set an “overweight” rating and a $85.00 target price for the company. Wells Fargo & Company increased their target price on shares of Chesapeake Energy from $88.00 to $98.00 and gave the company an “overweight” rating in a research report on Monday, March 14th. Siebert Williams Shank assumed coverage on shares of Chesapeake Energy in a research report on Monday, December 27th. They set a “buy” rating and a $90.00 target price for the company. Royal Bank of Canada increased their target price on shares of Chesapeake Energy from $88.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, March 8th. Finally, Zacks Investment Research downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Buy” and an average price target of $84.90.

Chesapeake Energy stock opened at $89.32 on Monday. The business has a 50 day moving average of $73.12 and a 200-day moving average of $67.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. Chesapeake Energy has a 1 year low of $41.29 and a 1 year high of $90.58. Chesapeake Energy (NASDAQ:CHK – Get Rating) last released its quarterly earnings data on Tuesday, February 22nd. The company reported $2.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.48 by ($0.09). Chesapeake Energy had a net margin of 108.93% and a return on equity of 160.87%. During the same period last year, the company posted ($42.54) earnings per share.

Hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new position in shares of Chesapeake Energy in the 4th quarter worth $33,000. Smith Group Asset Management LLC bought a new position in shares of Chesapeake Energy in the 4th quarter worth $34,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Chesapeake Energy in the 4th quarter worth $39,000. Saltoro Capital LP bought a new position in shares of Chesapeake Energy in the 4th quarter worth $54,000. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Chesapeake Energy by 27.9% in the 4th quarter. Loomis Sayles & Co. L P now owns 867 shares of the company’s stock worth $56,000 after purchasing an additional 189 shares in the last quarter.

Chesapeake Energy declared that its Board of Directors has initiated a share repurchase program on Thursday, December 2nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 14% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Monday, March 7th were given a dividend of $0.438 per share. This is an increase from Chesapeake Energy’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, March 4th. This represents a $1.75 annualized dividend and a dividend yield of 1.96%.

Chesapeake Energy Company Profile (Get Rating)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource…