Chesapeake Energy (CHK) : Earnings Preview

Chesapeake Energy Corporation (CHK) is set to report its fiscal second-quarter 2015 earnings today before the markets open. Wall Street analysts are on average expecting Chesapeake to post $2.76 billion in sales during the quarter. This would show a 46.40% decline from $5.15 billion reported in Q1’14. EPS are expected to come in at ($0.11), a decline rate of 130.56% from $0.36 per share a year earlier.

As a quick reminder, Chesapeake Energy Corp reported Q1’15 EPS of $0.11, $0.07 better than the Street’s consensus estimate. Revs fell 45.35% YoY to $2.76 billion compared to $5.05 billion in 1Q’14.

On valuation measures,  there are currently 5 analysts that rate CHK a ‘Buy’, 21 rate it a ‘Hold’, whereas 6 analysts rate it a ‘Sell’. Chesapeake has a 12-month median Wall Street price target consensus of $13.00 with a high target of $25.00.

In the past 52 weeks, shares of Oklahoma City, Oklahoma-based oil and natural gas producer have traded between a low of $7.97 and a high of $27.24 and are now at $8 and change. Shares are down 68.25% year-over-year ; down 57.90% year-to-date.

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