Chesapeake Energy Corporation (CHK) shares are down $0.63 to $19.25 in pre-market trading Wednesday after the company reported its fourth quarter earnings results.
The natural gas company reported non-GAAP earnings of $0.11 per share on revenues of $5.05 billion, up 11.2% from a year ago. Analysts were expecting EPS of $0.24 on revenues of $4.48 billion.
For the full year 2014, Chesapeake reported adjusted net income of $957 million, or $1.49 per fully diluted share, compared to adjusted net income of $965 million, or $1.50 per diluted share, in FY 2013. Adjusted 2014 EBITDA came in at $4.945 billion vs. $5.016 billion for fiscal 2013.
On valuation measures, Chesapeake Energy Corp. shares, which currently have an average 3-month trading volume of 14 million shares, trade at a trailing-12 P/E of 24.54, a forward P/E of 29.24 and a P/E to growth ratio of (0.2). The median Wall Street price target on the name is $22.00 with a high target of $41.00. Currently ticker boasts 8 ‘Buy’ endorsements, compared to 17 ’Holds’ and no ‘Sell’.
Profitability-wise, CHK has a t-12 profit and operating margin of 5.68% and 14.60%, respectively. The $12.98 billion market cap company reported $4.11 million in cash vs. $11.67 billion in debt in its most recent quarter.
CHK currently prints a one year loss of about 22%, and a year-to-date return of 2.11%.
The chart below shows where the equity has traded over the last 52 weeks.
Chesapeake Energy Corp. is engaged in the acquisition and development of properties for the production of natural gas, oil NGL in the U.S. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.