Chesapeake Energy Corporation (CHK) Downgraded to “Underperform” at Jefferies Group LLC

Chesapeake Energy Corporation (NYSE:CHK) was downgraded by equities research analysts at Jefferies Group LLC from a “hold” rating to an “underperform” rating in a report issued on Monday.

Several other equities analysts have also issued reports on the company. Citigroup Inc. decreased their price target on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Tudor Pickering downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and raised their price objective for the company from $3.76 to $4.00 in a report on Tuesday, September 5th. Vetr raised Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price objective on the stock in a report on Monday, July 24th. Scotiabank reissued a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy Corporation in a report on Friday, June 30th. Finally, ValuEngine downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and an average price target of $6.17.

Chesapeake Energy Corporation (NYSE CHK) traded down 0.24% during trading on Monday, reaching $4.19. The company’s stock had a trading volume of 10,923,999 shares. The company’s 50 day moving average price is $3.99 and its 200-day moving average price is $4.85. Chesapeake Energy Corporation has a 1-year low of $3.55 and a 1-year high of $8.20. The stock’s market cap is $3.73 billion.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted ($0.14) EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts forecast that Chesapeake Energy Corporation will post $0.73 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/chesapeake-energy-corporations-chk-underperform-rating-reaffirmed-at-jefferies-group-llc.html.

In other Chesapeake Energy Corporation news, Director R Brad Martin acquired 25,000 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $4.11 per share, with a total value of $102,750.00. Following the transaction, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.14% of the company’s stock.

A number of institutional investors have recently modified their holdings of CHK. Fox Run Management L.L.C. bought a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at about $115,000. Advisory Services Network LLC increased its position in Chesapeake Energy Corporation by 42.6% in the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration

Several other equities analysts have also issued reports on the company. Citigroup Inc. decreased their price target on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Tudor Pickering downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and raised their price objective for the company from $3.76 to $4.00 in a report on Tuesday, September 5th. Vetr raised Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price objective on the stock in a report on Monday, July 24th. Scotiabank reissued a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy Corporation in a report on Friday, June 30th. Finally, ValuEngine downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and an average price target of $6.17.

Chesapeake Energy Corporation (NYSE CHK) traded down 0.24% during trading on Monday, reaching $4.19. The company’s stock had a trading volume of 10,923,999 shares. The company’s 50 day moving average price is $3.99 and its 200-day moving average price is $4.85. Chesapeake Energy Corporation has a 1-year low of $3.55 and a 1-year high of $8.20. The stock’s market cap is $3.73 billion.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted ($0.14) EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts forecast that Chesapeake Energy Corporation will post $0.73 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/chesapeake-energy-corporations-chk-underperform-rating-reaffirmed-at-jefferies-group-llc.html.

In other Chesapeake Energy Corporation news, Director R Brad Martin acquired 25,000 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $4.11 per share, with a total value of $102,750.00. Following the transaction, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.14% of the company’s stock.

A number of institutional investors have recently modified their holdings of CHK. Fox Run Management L.L.C. bought a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at about $115,000. Advisory Services Network LLC increased its position in Chesapeake Energy Corporation by 42.6% in the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after buying an additional 7,000 shares in the last quarter. UBS Oconnor LLC bought a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at about $122,000. Gotham Asset Management LLC bought a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at about $126,000. Finally, HRT Financial LLC bought a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at about $131,000. 64.56% of the stock is owned by institutional investors and hedge funds.

About Chesapeake Energy Corporation

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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