Chesapeake Energy Co. (NYSE:CHK) shares gapped up prior to trading on Friday . The stock had previously closed at $2.89, but opened at $2.97. Chesapeake Energy shares last traded at $3.10, with a volume of 29106251 shares changing hands.
A number of brokerages recently weighed in on CHK. Zacks Investment Research upgraded Chesapeake Energy from a “sell” rating to a “hold” rating in a report on Wednesday. UBS Group began coverage on Chesapeake Energy in a report on Wednesday. They issued a “buy” rating and a $2.80 target price on the stock. Sanford C. Bernstein reiterated a “hold” rating on shares of Chesapeake Energy in a report on Friday, February 23rd. ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Mizuho cut Chesapeake Energy from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $4.28 to $8.00 in a report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.00.
The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of -4.86. The stock has a market cap of $2,818.65, a P/E ratio of 3.73 and a beta of 1.90.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. sell-side analysts forecast that Chesapeake Energy Co. will post 0.78 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in shares of Chesapeake Energy by 21.5% in the fourth quarter. Guggenheim Capital LLC now owns 11,511,578 shares of the oil and gas exploration company’s stock worth $45,586,000 after acquiring an additional 2,035,111 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Chesapeake Energy by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 10,624,320 shares of the oil and gas exploration company’s stock worth $42,009,000 after acquiring an additional 376,710 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Chesapeake Energy by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 9,531,633 shares of the oil and gas exploration company’s stock worth $37,745,000 after acquiring an additional 50,413 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chesapeake Energy by 6.3% in the third quarter. Bank of New York Mellon Corp now owns 6,784,218 shares of the oil and gas exploration company’s stock worth $29,172,000 after acquiring an additional 402,974 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Chesapeake Energy by 5.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock worth $25,933,000 after acquiring an additional 367,150 shares in the last quarter. Institutional investors and hedge funds own 61.03% of the company’s stock.
WARNING: This report was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2018/03/11/chesapeake-energy-chk-shares-gap-up-to-2-97.html.
Chesapeake Energy Company Profile
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.
Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.