Piper Jaffray Companies reiterated their hold rating on shares of Chesapeake Energy (NYSE:CHK) in a research report sent to investors on Tuesday, January 9th. They currently have a $5.00 target price on the oil and gas exploration company’s stock.
CHK has been the subject of several other research reports. Jefferies Group cut Chesapeake Energy from a hold rating to an underperform rating and cut their price target for the company from $4.00 to $2.00 in a report on Monday, October 9th. Barclays increased their target price on Chesapeake Energy from $2.00 to $3.00 and gave the stock an underweight rating in a report on Wednesday, October 11th. ValuEngine cut Chesapeake Energy from a buy rating to a hold rating in a report on Sunday, December 31st. Scotiabank restated a hold rating and set a $5.00 price target on shares of Chesapeake Energy in a research report on Friday, November 3rd. Finally, BMO Capital Markets set a $4.00 price target on Chesapeake Energy and gave the stock a hold rating in a research report on Tuesday, November 14th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $5.29.
Chesapeake Energy (CHK) traded down $0.12 on Tuesday, hitting $3.33. The stock had a trading volume of 42,980,000 shares, compared to its average volume of 31,960,000. The company has a market cap of $3,030.00, a P/E ratio of -5.74 and a beta of 1.83. Chesapeake Energy has a 52 week low of $3.30 and a 52 week high of $6.65. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53.
Chesapeake Energy (NYSE:CHK) last announced its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The firm had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $0.09 EPS. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. research analysts predict that Chesapeake Energy will post 0.76 EPS for the current year.
Several large investors have recently modified their holdings of CHK. Advisory Services Network LLC boosted its holdings in shares of Chesapeake Energy by 42.6% during the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after acquiring an additional 7,000 shares during the period. UBS Oconnor LLC acquired a new stake in shares of Chesapeake Energy in the second quarter valued at approximately $122,000. Gotham Asset Management LLC acquired a new stake in shares of Chesapeake Energy in the second quarter valued at approximately $126,000. Sapphire Star Partners LP acquired a new stake in shares of Chesapeake Energy in the third quarter valued at approximately $143,000. Finally, Thrivent Financial For Lutherans raised its position in Chesapeake Energy by 4.2% during the second quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 63.79% of the company’s stock.
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About Chesapeake Energy
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.
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