NASDAQ: CHK- The company is known by its full name, Chesapeake Energy Corporation. In a report distributed on September 21, investment analysts at Seaport Res Ptn lowered their projections for Chesapeake Energy’s earnings for the third quarter of 2022. The report was about the firm’s research findings. N. Pope, an analyst for Seaport Res Ptn, recently revised his earlier projection for profits per share, bringing it down from $5.49 to $5.47 in the process. As a result, Chesapeake Energy’s current full-year earnings forecast is set at $17.84 per share, which is in line with the estimate compiled by the market. In addition, Seaport Research Partners anticipated that Chesapeake Energy would earn $4.97 per share during the fourth quarter of 2022 and that the company would earn $18.28 per share throughout the fiscal year.
Recently, several other analysts who were a part of the coverage have also provided their opinions on the stock after evaluating it. The company’s overall quality has increased, as evidenced by TheStreet’s decision to upgrade Chesapeake Energy’s grade from a “d” to a “c-” on August 3. With the release of a research note on Wednesday, August 3, Chesapeake Energy shares were brought into the coverage universe at Scotiabank. They gave the business an overall “sector perform” grade and determined that the price objective should be $110.00. On August 2, Benchmark published the first research note under which it would cover shares of Chesapeake Energy. This coverage began that day. They suggested making a “buy” investment in the company and determined that a price range of $137.00 was appropriate for it. In a research report published on Monday, August, Chesapeake Energy was upgraded by Goldman Sachs Group from a “hold” rating to a “buy” rating, and their target price for the stock was raised from $106.00 to $117.00 22. In a research note published on July 11, Wells Fargo & Company rated the company as “overweight” and increased their price target on Chesapeake Energy shares from $102.00 to $130.00. The new price target was announced in conjunction with the release of the note. This information was incorporated into the projections regarding the company’s earnings. Twelve research analysts have suggested that investors purchase the stock, while only two research experts recommend that investors maintain their current stock holdings. The information provided by Bloomberg indicates that the overall recommendation for the company is a “Moderate Buy” and that the business’s overall price objective is $105.83.
On Friday, CHK stock was introduced to the market with a price per share of $98.53. When all three ratios reach a level of 0.47, the quick, current, and debt-to-equity ratios are equal. The market capitalization of the company is $11.91 billion. It has a price-to-earnings ratio of 10.30, a price-to-earnings-to-growth ratio of 0.92, and a beta coefficient of 0.69. The company’s price-to-earnings ratio is 10.30, with a price-to-earnings-to-growth ratio of 0.92. In the most recent 50 trading days, the company’s simple moving average was $97.41, while the average for the most recent 200 trading days was $91.66. Chesapeake Energy’s stock price hit a low of $56.75 during the last 52 weeks, while it reached a high of $105.93 during that same period.
The most recent quarterly earnings report submitted by Chesapeake Energy was made available to the public on August 2 by Chesapeake Energy (NASDAQ: CHK). The actual earnings per share generated by the company for the quarter were $4.87, which was $1.13 higher than the consensus estimate of $3.74 per share. In reality, the company brought in $3.52 billion during the period in question, a significant increase from the $1.71 billion in revenue anticipated for the company during that period. In addition, Chesapeake Energy’s return on equity was 35.01%, while the company’s net margin was 18.53%.
Additionally, the company announced that it would not be paying a dividend, and on September 1, this decision became official and was put into effect. On Wednesday, August 17, 2018, a $2.32 dividend payment was made to investors already on the record. Because of this, the dividend yield produced as a result is 10.5%. On Tuesday, August 16, the taxable status of this payout was changed to “no longer subject to taxation.” Chesapeake Energy’s dividend payout ratio currently stands at 22.99%.
On June 22, Chesapeake Energy announced that its Board of Directors has begun a program to repurchase existing company stock shares. The company would be able to repurchase all of its outstanding shares through this program, which would cost a total of $2.0 billion. The company has the authority to repurchase up to 20.6% of its shares on the open market due to the repurchase authorization, which gives the company this authority. When a company’s board of directors says it wants to buy more shares of the company’s stock, it’s often a sign that the stock is currently trading at a discount.
In related news, the company’s Chief Executive Officer of the company, Michael Wichterich, purchased 2,000 shares of the company’s stock on Monday, June 27. This is significant information. The amount paid for the shares, which had an average price of $85.65 per share, was an average of $171,300.00. As a direct result of the transaction, the Chairman now owns 25,318 shares of the company’s stock, which have an estimated value of $2,168,486.70. The United States Securities and Exchange Commission was given legal papers about the transaction, which can be viewed in this location. The company insiders’ current ownership of the company’s stock is 0.04%.