Equities researchers at Imperial Capital started coverage on shares of Chesapeake Energy Corporation (NYSE:CHK) in a report issued on Tuesday. The brokerage set an “in-line” rating and a $5.00 price target on the oil and gas exploration company’s stock. Imperial Capital’s price objective indicates a potential upside of 23.46% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Vetr cut Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price for the company. in a research note on Tuesday, July 11th. Stifel Nicolaus reissued a “buy” rating on shares of Chesapeake Energy Corporation in a research note on Friday, July 21st. BidaskClub raised Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and set a $3.00 target price on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $7.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Monday, May 29th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.29.
Chesapeake Energy Corporation (NYSE CHK) opened at 4.05 on Tuesday. Chesapeake Energy Corporation has a 12-month low of $3.55 and a 12-month high of $8.20. The company’s 50-day moving average price is $4.02 and its 200-day moving average price is $4.94. The stock’s market cap is $3.61 billion.
Chesapeake Energy Corporation (NYSE:CHK) last posted its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (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 analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, equities analysts expect that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.
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In other Chesapeake Energy Corporation news, Director R Brad Martin purchased 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $4.11 per share, with a total value of $102,750.00. Following the acquisition, the director now directly owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.14% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CHK. Cleararc Capital Inc. lifted its holdings in Chesapeake Energy Corporation by 2.8% during the 1st quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 508 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Chesapeake Energy Corporation during the 2nd quarter worth about $115,000. Advisory Services Network LLC lifted its holdings in Chesapeake Energy Corporation by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 7,000 shares during the last quarter. UBS Oconnor LLC purchased a new stake in Chesapeake Energy Corporation during the 2nd quarter worth about $122,000. Finally, Gotham Asset Management LLC purchased a new stake in Chesapeake Energy Corporation during the 2nd quarter worth about $126,000. 64.46% of the stock is owned by institutional investors.
About Chesapeake Energy Corporation
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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