BMO Capital Markets Analysts Give Chesapeake Energy Corporation (NYSE:CHK) a $3.00 Price Target

Chesapeake Energy Corporation (NYSE:CHK) received a $3.00 target price from research analysts at BMO Capital Markets in a report issued on Saturday. The brokerage currently has a “hold” rating on the oil and gas exploration company’s stock. BMO Capital Markets’ target price indicates a potential downside of 27.54% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $7.00 target price on shares of Chesapeake Energy Corporation in a report on Tuesday, April 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $6.00 target price (down from $10.00) on shares of Chesapeake Energy Corporation in a report on Friday. Vetr cut Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price on the stock. in a report on Tuesday, July 11th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $9.00 target price on shares of Chesapeake Energy Corporation in a report on Monday, May 1st. Finally, Jefferies Group LLC set a $6.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Tuesday, June 6th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.55.

Chesapeake Energy Corporation (NYSE CHK) opened at 4.14 on Friday. Chesapeake Energy Corporation has a 52 week low of $4.05 and a 52 week high of $8.20. The company’s market cap is $3.69 billion. The firm has a 50-day moving average of $4.71 and a 200-day moving average of $5.39.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) EPS. Equities analysts forecast that Chesapeake Energy Corporation will post $0.76 earnings per share for the current year.

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In other Chesapeake Energy Corporation news, Director R Brad Martin purchased 20,000 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was purchased at an average price of $5.26 per share, for a total transaction of $105,200.00. Following the transaction, the director now owns 501,958 shares in the company, valued at approximately $2,640,299.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas L. Ryan purchased 75,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average price of $5.00 per share, with a total value of $375,000.00. Following the transaction, the director now owns 440,355 shares in the company, valued at approximately $2,201,775. The disclosure for this purchase can be found here. Insiders have acquired a total of 115,400 shares of company stock valued at $573,020 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Harris Associates L P increased its stake in Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock worth $388,926,000 after buying an additional 32,145,200 shares during the last quarter. Vanguard Group Inc. increased its stake in Chesapeake Energy Corporation by 19.3% in the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock worth $540,542,000 after buying an additional 17,615,861 shares during the last quarter. Bridgewater Associates LP purchased a new stake in Chesapeake Energy Corporation during the second quarter worth $26,111,000. State Street Corp increased its stake in Chesapeake Energy Corporation by 6.0% in the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock worth $260,083,000 after buying an additional 2,476,711 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Chesapeake Energy Corporation by 62.3% in the second quarter. Parametric Portfolio Associates LLC now owns 5,118,536 shares of the oil and gas exploration company’s stock worth $25,439,000 after buying an additional 1,963,927 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Chesapeake Energy Corporation Company Profile

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.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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