Chesapeake Energy Corporation (CHK) PT Set at $3.00 by BMO Capital Markets

Chesapeake Energy Corporation (NYSE:CHK) has been given a $3.00 price objective by stock analysts at BMO Capital Markets in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ price target points to a potential downside of 23.27% from the company’s current price.

CHK has been the topic of several other reports. Scotiabank set a $5.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. 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 research note on Monday, July 24th. Piper Jaffray Companies set a $6.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. BidaskClub cut Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine cut Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.05.

Chesapeake Energy Corporation (NYSE:CHK) opened at 3.91 on Tuesday. The company’s market capitalization is $3.49 billion. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The company’s 50-day moving average price is $4.00 and its 200 day moving average price is $4.83.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping 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 analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities analysts expect that Chesapeake Energy Corporation will post $0.72 EPS for the current fiscal year.

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In other news, Director R Brad Martin purchased 25,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Chesapeake Energy Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after purchasing an additional 164 shares during the period. Exencial Wealth Advisors LLC boosted its holdings in shares of Chesapeake Energy Corporation by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after purchasing an additional 226 shares during the period. Cigna Investments Inc. New boosted its holdings in shares of Chesapeake Energy Corporation by 0.9% in the second quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock valued at $153,000 after purchasing an additional 281 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Chesapeake Energy Corporation by 0.6% in the second quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock valued at $309,000 after purchasing an additional 381 shares during the period. Finally, Louisiana State Employe

CHK has been the topic of several other reports. Scotiabank set a $5.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. 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 research note on Monday, July 24th. Piper Jaffray Companies set a $6.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. BidaskClub cut Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine cut Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.05.

Chesapeake Energy Corporation (NYSE:CHK) opened at 3.91 on Tuesday. The company’s market capitalization is $3.49 billion. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The company’s 50-day moving average price is $4.00 and its 200 day moving average price is $4.83.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping 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 analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities analysts expect that Chesapeake Energy Corporation will post $0.72 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/chesapeake-energy-corporation-chk-pt-set-at-3-00-by-bmo-capital-markets.html.

In other news, Director R Brad Martin purchased 25,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.14% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Chesapeake Energy Corporation by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after purchasing an additional 164 shares during the period. Exencial Wealth Advisors LLC boosted its holdings in shares of Chesapeake Energy Corporation by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after purchasing an additional 226 shares during the period. Cigna Investments Inc. New boosted its holdings in shares of Chesapeake Energy Corporation by 0.9% in the second quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock valued at $153,000 after purchasing an additional 281 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Chesapeake Energy Corporation by 0.6% in the second quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock valued at $309,000 after purchasing an additional 381 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Chesapeake Energy Corporation by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock valued at $235,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 64.56% of the company’s stock.

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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