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Five Must-Watch Earnings Releases

CHK Chart CHK data by YCharts

Chesapeake Energy (CHK - Get Report)

Background:Chesapeake Energy buys, finds and develops production of natural gas and oil properties in the U.S. The company also offers marketing and other oilfield services. Founded in 1989, it's based in Oklahoma City. Chesapeake trades an average of 14 million shares per day with a marketcap of $13 billion.

52 Week Range: $13.32 to $29.87

Book Value: $22.37

Price To Book: 0.9

Chesapeake is forecast to record lower third-quarter earnings (along with just about every other energy company) on Nov. 1.

The consensus estimate is currently 10 cents a share, a drop of 62 cents (86.1%) from 72 cents a year earlier. Estimates range from one-cent a share to 15 cents per share. I would be surprised to see a loss, even if there is one. TheStreet's Sham Gad writes about Chesapeake Energy A Crucial Peek Into Their Portfolios.

Now 21 of 34 analysts rate the company a hold, while 12 recommend buying and one recommends selling. The average analyst target price for Chesapeake is $24.04.

Shareholders have been punished for their patience. Shares have fallen 28% in the last year, and that's after factoring in the price has bounced off the lows of April.

The chart is treading water with the price action flirting on both sides of the 200 day moving average. One bright spot, if the 60 day moving average crosses above the 200 day, it may turn into the price acceleration investors are hoping for.

Investors are receiving 35 cents a share in dividends for a yield of 1.7%. This year's estimated earnings of 45 cents a share results in a very high payout ratio. Next year the company is expected to earn $1.36 a share, but if oil and natural gas continue falling, that may quickly fall further. Just a week ago, the estimate was $1.39

Short interest above 10% should give pause to investors looking at this company. The current percentage of the float short is 13.7%, not unusually high for a stock that is as volatile as this one.

CHK Revenue Quarterly Chart CHK Revenue Quarterly data by YCharts
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