Chesapeake Energy (NASDAQ:CHK) Announces Quarterly Earnings Results, Beats Expectations By $12.64 EPS

Chesapeake Energy (NASDAQ:CHK) released its earnings results on Monday. The company reported $14.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $12.64, Fidelity Earnings reports.

Shares of CHK traded up $0.29 during trading hours on Wednesday, reaching $49.35. The stock had a trading volume of 70,335 shares, compared to its average volume of 870,330. Chesapeake Energy has a 12 month low of $40.00 and a 12 month high of $49.97. The stock has a 50-day moving average price of $45.50.

CHK has been the topic of several analyst reports. Royal Bank of Canada initiated coverage on Chesapeake Energy in a report on Tuesday, April 13th. They set an “outperform” rating and a $58.00 target price on the stock. Wolfe Research began coverage on Chesapeake Energy in a research report on Thursday, March 11th. They set an “outperform” rating on the stock. Seaport Global Securities reissued a “neutral” rating on shares of Chesapeake Energy in a research report on Monday, April 5th. Finally, Wells Fargo & Company initiated coverage on Chesapeake Energy in a research report on Wednesday, February 17th. They set an “overweight” rating and a $54.00 price target on the stock.

About Chesapeake Energy

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; and Powder River Basin in Wyoming.

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