| Chesapeake Loss Narrower than Expected in Q3, Sales Lag | |
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Chesapeake Energy Corp. CHK reported adjusted third-quarter 2015 loss per share from continuing operations (excluding special items) of 5 cents, narrower than the Zacks Consensus Estimate of loss of 13 cents. The reported figure showed massive deterioration from the year-earlier profit of 38 cents a share. Quarterly sales decreased to $880.0 million from $2,341.0 million a year ago. The top line also missed the Zacks Consensus Estimate of $900.0 million.
Operational Performance
Chesapeake’s daily production for the reported quarter averaged approximately 66.7 million barrels of oil equivalent (MMBoe), reflecting a year-over-year increase of 3%. Average daily production consisted of approximately 114,100 barrels (bbls) of oil, 2.9 billion cubic feet (bcf) of natural gas and 76,200 bbls of NGL, representing year-over-year increases of 4%, 2% and 7%, respectively.
Oil equivalent realized price in the reported quarter was $15.45 per Boe. Average realizations for natural gas were $1.14 per Mcf and oil was sold at $62.68 per barrel.
Total reported capital expenditures of $623 million, including capitalized interest of $99 million, decreased 35% and 59% compared to second-quarter 2015 and third-quarter 2014, respectively.
On the cost front, quarterly production expenses were $4.09 per Boe, while general & administrative expenses were $0.79 per Boe.
Financials
At the end of the quarter, Chesapeake had a cash balance of $1,759 million. The debt balance was $10,674 million, representing a debt-to-capitalization ratio of 68.0%.
Zacks Rank
Chesapeake currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the same space are Natural Gas Services Group Inc. NGS, Seadrill Partners LLC SDLP and Paragon Offshore plc PGN. Each of these stocks sports a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report PARAGON OFFSHOR (PGN): Free Stock Analysis Report SEADRILL PTNRS (SDLP): Free Stock Analysis Report NATURAL GAS SVC (NGS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Natural Gas Services est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Natural Gas Services est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 252,2 millions US$ (226,7 millions €). La valeur de son action a atteint son plus bas niveau récent le 11 août 2023 à 10,00 US$, et son plus haut niveau récent le 18 septembre 2024 à 19,43 US$. Natural Gas Services possède 12 982 262 actions en circulation. |