Chesapeake Energy (CHK) Receives $4.58 Consensus Target Price from Brokerages

Chesapeake Energy (NYSE:CHK) has earned an average recommendation of “Hold” from the twenty-three brokerages that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.58.

A number of brokerages have recently issued reports on CHK. Piper Jaffray reaffirmed a “hold” rating and set a $3.00 price objective on shares of Chesapeake Energy in a research note on Thursday, March 15th. Stephens reaffirmed a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research note on Thursday, March 15th. ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup cut Chesapeake Energy from a “neutral” rating to a “sell” rating and raised their price objective for the company from $3.11 to $5.00 in a research note on Tuesday, April 17th. Finally, Sanford C. Bernstein cut Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research note on Monday, March 26th.

Several hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in shares of Chesapeake Energy by 21.5% during the fourth quarter. Guggenheim Capital LLC now owns 11,511,578 shares of the oil and gas exploration company’s stock valued at $45,586,000 after purchasing an additional 2,035,111 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Chesapeake Energy by 0.6% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,795,200 shares of the oil and gas exploration company’s stock valued at $32,602,000 after purchasing an additional 59,400 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Chesapeake Energy by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 10,624,320 shares of the oil and gas exploration company’s stock valued at $42,009,000 after purchasing an additional 376,710 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Chesapeake Energy by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 9,531,633 shares of the oil and gas exploration company’s stock valued at $37,745,000 after purchasing an additional 50,413 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Chesapeake Energy during the first quarter valued at approximately $25,979,000. Hedge funds and other institutional investors own 62.55% of the company’s stock.

Chesapeake Energy traded down $0.02, reaching $4.27, during trading on Friday, according to MarketBeat.com. The stock had a trading volume of 3,019,343 shares, compared to its average volume of 35,788,906. The stock has a market cap of $3.58 billion, a PE ratio of 5.21 and a beta of 1.79. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of -5.27. Chesapeake Energy has a one year low of $3.68 and a one year high of $3.81.

Chesapeake Energy (NYSE:CHK) last announced 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 firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. equities analysts anticipate that Chesapeake Energy will post 0.73 earnings per share for the current year.

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)

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.




Leave a Reply