TheStreet upgraded shares of Chesapeake Energy (NYSE:CHK) from a d+ rating to a c- rating in a research note published on Wednesday morning.
A number of other analysts also recently issued reports on CHK. ValuEngine raised Chesapeake Energy from a strong sell rating to a sell rating in a research report on Sunday, July 8th. Piper Jaffray Companies reissued a hold rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, July 20th. Zacks Investment Research raised Chesapeake Energy from a hold rating to a buy rating and set a $5.25 price objective for the company in a research report on Friday, July 20th. Bank of America raised Chesapeake Energy from an underperform rating to a neutral rating and raised their price objective for the stock from $4.00 to $6.00 in a research report on Friday, July 27th. Finally, Stephens reissued a hold rating and set a $6.00 price objective on shares of Chesapeake Energy in a research report on Friday, July 27th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $4.91.
Shares of NYSE:CHK opened at $3.49 on Wednesday. The stock has a market cap of $2.98 billion, a P/E ratio of 4.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.86. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.60.
Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Tuesday, October 30th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Chesapeake Energy had a negative return on equity of 52.94% and a net margin of 6.91%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. Analysts predict that Chesapeake Energy will post 0.84 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virginia Retirement Systems ET AL acquired a new position in Chesapeake Energy in the 3rd quarter valued at about $712,000. Cambridge Investment Research Advisors Inc. grew its position in Chesapeake Energy by 60.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 99,859 shares of the oil and gas exploration company’s stock valued at $448,000 after acquiring an additional 37,678 shares in the last quarter. Meeder Asset Management Inc. grew its position in Chesapeake Energy by 8,898.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 127,147 shares of the oil and gas exploration company’s stock valued at $570,000 after acquiring an additional 125,734 shares in the last quarter. Smart Money Group LLC acquired a new position in Chesapeake Energy in the 3rd quarter valued at about $129,000. Finally, Private Advisor Group LLC grew its position in Chesapeake Energy by 48.0% in the 3rd quarter. Private Advisor Group LLC now owns 51,935 shares of the oil and gas exploration company’s stock valued at $233,000 after acquiring an additional 16,852 shares in the last quarter. 57.29% of the stock is owned by 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.
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