Preview: Chesapeake Energy slips ahead of Q4 results

CHK Oil

21/02/2023 17:36

** Shares of Chesapeake Energy Corp  CHK.O  down 2.5% at
$78.05, ahead of results 
    ** Oil and gas producer expected to post adj. EPS of $2.99 -
Refinitiv 
    ** Co's EPS has topped est. for last three quarters 
    ** Street expects CHK to post Q4 rev of $1.85 bln; co posted
revenue of $3.09 bln in Q4 2021
    ** Last month, co agreed to sell part of its operations in
south Texas to private equity-owned WildFire Energy for $1.43
bln in cash  urn:newsml:reuters.com:*:nL1N34324B
    ** 15 of 18 brokerages rate the stock "buy" or higher and
three "hold"; their median PT is $125.5
    ** CHK shares down 2.6% YTD
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))