Chesapeake Energy Corporation (CHK) Receives Consensus Rating of “Hold” from Analysts

Shares of Chesapeake Energy Corporation (NYSE:CHK) have earned an average rating of “Hold” from the twenty-six research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $5.85.

A number of research analysts recently issued reports on CHK shares. Vetr upgraded shares of Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 target price on the stock in a research report on Monday, July 24th. BidaskClub downgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Scotiabank set a $5.00 target price on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Thursday, August 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 target price (down previously from $10.00) on shares of Chesapeake Energy Corporation in a research report on Friday, August 11th. Finally, BMO Capital Markets set a $3.00 target price on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Saturday, August 12th.

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A number of institutional investors and hedge funds have recently bought and sold shares of CHK. FMR LLC grew its position in Chesapeake Energy Corporation by 0.3% during the first quarter. FMR LLC now owns 259,917 shares of the oil and gas exploration company’s stock valued at $1,544,000 after buying an additional 667 shares during the period. Teachers Advisors LLC grew its position in Chesapeake Energy Corporation by 8.4% during the first quarter. Teachers Advisors LLC now owns 852,945 shares of the oil and gas exploration company’s stock valued at $5,066,000 after buying an additional 65,985 shares during the period. Thrivent Financial For Lutherans grew its position in Chesapeake Energy Corporation by 7.0% during the first quarter. Thrivent Financial For Lutherans now owns 28,815 shares of the oil and gas exploration company’s stock valued at $172,000 after buying an additional 1,880 shares during the period. Dimensional Fund Advisors LP grew its position in Chesapeake Energy Corporation by 18.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,356,564 shares of the oil and gas exploration company’s stock valued at $25,875,000 after buying an additional 690,266 shares during the period. Finally, AQR Capital Management LLC grew its position in Chesapeake Energy Corporation by 254.5% during the first quarter. AQR Capital Management LLC now owns 414,592 shares of the oil and gas exploration company’s stock valued at $2,463,000 after buying an additional 297,648 shares during the period. Institutional investors own 62.28% of the company’s stock.

Chesapeake Energy Corporation (NYSE:CHK) traded up $0.17 during trading on Friday, hitting $4.02. 21,734,935 shares of the company were exchanged, compared to its average volume of 27,999,520. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy Corporation has a 52 week low of $3.41 and a 52 week high of $8.20. The firm has a market cap of $3,652.92, a P/E ratio of 6.70 and a beta of 2.15.

Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. Chesapeake Energy Corporation had a net margin of 2.77% and a negative return on equity of 19.93%. The company had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company earned $0.09 EPS. Chesapeake Energy Corporation’s quarterly revenue was down 16.8% compared to the same quarter last year. analysts anticipate that Chesapeake Energy Corporation will post 0.74 earnings per share for the current fiscal year.

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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