Chesapeake Energy Corporation (NYSE:CHK) received a $4.00 target price from analysts at Scotiabank in a report released on Wednesday. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. Scotiabank’s target price points to a potential upside of 2.04% from the stock’s current price.
A number of other equities analysts also recently issued reports on CHK. BidaskClub downgraded shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Vetr downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating and set a $5.23 price objective on the stock. in a report on Monday, July 31st. Stifel Nicolaus reissued a “buy” rating and issued a $6.00 price objective (down previously from $10.00) on shares of Chesapeake Energy in a report on Friday, August 11th. BMO Capital Markets set a $3.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Saturday, August 12th. Finally, Piper Jaffray Companies set a $6.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy has an average rating of “Hold” and an average price target of $5.77.
Chesapeake Energy (NYSE CHK) traded down $0.05 on Wednesday, hitting $3.92. 13,100,000 shares of the company were exchanged, compared to its average volume of 26,455,616. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $3,562.05, a P/E ratio of 6.53 and a beta of 2.15. Chesapeake Energy has a one year low of $3.41 and a one year high of $8.20.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. research analysts predict that Chesapeake Energy will post 0.74 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHK. Vanguard Group Inc. raised its stake in Chesapeake Energy by 19.3% during the 2nd quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock worth $540,542,000 after acquiring an additional 17,615,861 shares during the period. Bridgewater Associates LP bought a new stake in Chesapeake Energy during the 2nd quarter worth approximately $26,111,000. State Street Corp raised its stake in Chesapeake Energy by 9.1% during the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock worth $237,402,000 after acquiring an additional 3,982,812 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Chesapeake Energy by 55.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,181,585 shares of the oil and gas exploration company’s stock worth $26,581,000 after acquiring an additional 2,208,035 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of Chesapeake Energy by 62.3% during the second quarter. Parametric Portfolio Associates LLC now owns 5,118,536 shares of the oil and gas exploration company’s stock valued at $25,439,000 after buying an additional 1,963,927 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.
Chesapeake Energy 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.
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