CHK - Chesapeake Energy Corporation

Chesapeake Energy Corporation
Basic Materials | Independent Oil & Gas | USA​

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. It operates in two segments, Exploration and Production; and Marketing, Gathering, and Compression. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio; the Anadarko Basin in northwestern Oklahoma; and the stacked pay in the Powder River Basin in Wyoming. The company owns interests in approximately 22,700 oil and natural gas wells. As of December 31, 2016, it had estimated proved reserves of 1.708 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, as well as designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.

 

Chesapeake Energy Corp. (CHK) is confirmed to report earnings at approximately 7:00 AM ET on Thursday, August 3, 2017. The consensus earnings estimate is $0.14 per share on revenue of $1.08 billion and the Earnings Whisper ® number is $0.16 per share. Investor sentiment going into the company's earnings release has 59% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 200.00% with revenue decreasing by 33.42%. Short interest has increased by 52.0% since the company's last earnings release while the stock has drifted lower by 6.1% from its open following the earnings release to be 14.1% below its 200 day moving average of $5.89. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, July 27, 2017 there was some notable buying of 15,732 contracts of the $5.00 put expiring on Friday, August 4, 2017. The stock has averaged a 6.5% move on earnings in recent quarters.