UBS Group set a $2.00 target price on Chesapeake Energy (NYSE:CHK) in a report issued on Thursday morning, Stock Target Advisor reports. The brokerage currently has a sell rating on the oil and gas exploration company’s stock.
CHK has been the topic of a number of other research reports. MKM Partners set a $3.00 price objective on Chesapeake Energy and gave the company a hold rating in a report on Tuesday, March 5th. Raymond James set a $5.00 price objective on Chesapeake Energy and gave the company a buy rating in a report on Tuesday, March 19th. TheStreet lowered Chesapeake Energy from a c rating to a d+ rating in a report on Wednesday, May 8th. Citigroup lifted their price objective on Chesapeake Energy from $2.50 to $3.50 and gave the company a neutral rating in a report on Wednesday, March 6th. Finally, Goldman Sachs Group lowered Chesapeake Energy from a neutral rating to a sell rating and lowered their price objective for the company from $2.75 to $2.50 in a report on Friday, April 12th. They noted that the move was a valuation call. Ten analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $4.01.
NYSE CHK opened at $1.95 on Thursday. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.47 and a current ratio of 0.47. Chesapeake Energy has a 52-week low of $1.71 and a 52-week high of $5.60. The stock has a market cap of $3.19 billion, a P/E ratio of 2.17 and a beta of 2.55.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. The company had revenue of $929.00 million for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the prior year, the business earned $0.34 EPS. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. Analysts predict that Chesapeake Energy will post -0.06 earnings per share for the current fiscal year.
In other news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of Chesapeake Energy stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $3.25, for a total transaction of $1,847,378.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert D. Lawler purchased 50,000 shares of Chesapeake Energy stock in a transaction dated Friday, May 24th. The shares were bought at an average price of $2.02 per share, with a total value of $101,000.00. Following the completion of the transaction, the chief executive officer now owns 5,083,298 shares in the company, valued at approximately $10,268,261.96. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of CHK. Metropolitan Life Insurance Co NY raised its holdings in Chesapeake Energy by 16.9% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 305,326 shares of the oil and gas exploration company’s stock valued at $946,000 after acquiring an additional 44,101 shares during the last quarter. Cleararc Capital Inc. acquired a new position in Chesapeake Energy in the 1st quarter valued at $83,000. MetLife Investment Advisors LLC raised its holdings in Chesapeake Energy by 14.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 636,591 shares of the oil and gas exploration company’s stock valued at $1,973,000 after acquiring an additional 79,460 shares during the last quarter. Advisory Services Network LLC raised its holdings in Chesapeake Energy by 206.8% in the 1st quarter. Advisory Services Network LLC now owns 94,764 shares of the oil and gas exploration company’s stock valued at $294,000 after acquiring an additional 63,874 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in Chesapeake Energy in the 1st quarter valued at $254,000. Institutional investors own 70.05% of the company’s stock.
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 Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.
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