In its fourth-quarter results, the energy company posted earnings of 27 cents a share. That's 12 cents lower than the Capital IQ Consensus Estimate of 39 cents a share. Revenue for the quarter rose 28.3% from the year-ago quarter to $4.54 billion, while analysts expected $4.4 billion.
Severe weather in October and December had a negative impact on the company's oil and natural gas production in the quarter. During the quarter Chesapeake Enegery produced about 111,300 bbls of oil, 63,700 bbls of NGL and 2.9 bcf of natural gas daily.
TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHESAPEAKE ENERGY CORP (CHK) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, reasonable valuation levels, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."