Chesapeake Energy Co. (CHK) Receives $4.17 Average Price Target from Brokerages

Chesapeake Energy Co. (NYSE:CHK) has been assigned an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $4.17.

CHK has been the subject of a number of research analyst reports. ValuEngine lowered Chesapeake Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Citigroup decreased their target price on Chesapeake Energy from $5.00 to $2.00 and set a “sell” rating for the company in a research report on Monday, June 25th. Stephens set a $4.00 target price on Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, April 24th. Sanford C. Bernstein lowered Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research report on Monday, March 26th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.00 target price on shares of Chesapeake Energy in a research report on Thursday, March 15th.

Chesapeake Energy traded up $0.02, reaching $5.29, during trading hours on Monday, according to MarketBeat. 16,303,337 shares of the company’s stock traded hands, compared to its average volume of 30,725,620. Chesapeake Energy has a 52-week low of $2.53 and a 52-week high of $5.44. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of -5.27. The stock has a market cap of $4.81 billion, a P/E ratio of 6.45 and a beta of 1.88.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.09. Chesapeake Energy had a negative return on equity of 43.41% and a net margin of 11.67%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business earned $0.23 EPS. Chesapeake Energy’s revenue was down 15.4% compared to the same quarter last year. equities analysts anticipate that Chesapeake Energy will post 0.81 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its position in shares of Chesapeake Energy by 21.9% in the 1st quarter. Advantus Capital Management Inc now owns 111,618 shares of the oil and gas exploration company’s stock worth $337,000 after acquiring an additional 20,065 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Chesapeake Energy by 2.0% in the 4th quarter. Teachers Advisors LLC now owns 1,242,782 shares of the oil and gas exploration company’s stock worth $4,921,000 after acquiring an additional 24,039 shares in the last quarter. Standard Life Aberdeen plc raised its position in shares of Chesapeake Energy by 9.0% in the 4th quarter. Standard Life Aberdeen plc now owns 299,974 shares of the oil and gas exploration company’s stock worth $1,190,000 after acquiring an additional 24,709 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Chesapeake Energy by 17.9% in the 1st quarter. Van ECK Associates Corp now owns 177,461 shares of the oil and gas exploration company’s stock worth $536,000 after acquiring an additional 26,974 shares in the last quarter. Finally, All Terrain Financial Advisors LLC raised its position in shares of Chesapeake Energy by 66.3% in the 1st quarter. All Terrain Financial Advisors LLC now owns 71,500 shares of the oil and gas exploration company’s stock worth $216,000 after acquiring an additional 28,500 shares in the last quarter. 57.31% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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