Chesapeake Energy (CHK) Stock Rating Reaffirmed by SunTrust Banks

Chesapeake Energy (NYSE:CHK)‘s stock had its “buy” rating restated by stock analysts at SunTrust Banks in a research note issued on Wednesday. They currently have a $6.00 price target on the oil and gas exploration company’s stock. SunTrust Banks’ price target points to a potential upside of 50.95% from the stock’s current price. SunTrust Banks also issued estimates for Chesapeake Energy’s Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.65 EPS, FY2018 earnings at $0.85 EPS, FY2019 earnings at $1.11 EPS and FY2020 earnings at $1.20 EPS.

A number of other brokerages also recently issued reports on CHK. Piper Jaffray Companies set a $4.00 price objective on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Thursday, October 19th. Credit Suisse Group initiated coverage on shares of Chesapeake Energy in a research report on Monday, December 11th. They set an “underperform” rating and a $3.00 price objective on the stock. Scotiabank reissued a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Friday, November 3rd. ValuEngine downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, BMO Capital Markets set a $3.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy has an average rating of “Hold” and a consensus price target of $5.10.

Shares of Chesapeake Energy (CHK) traded down $0.08 during trading on Wednesday, reaching $3.97. 7,736,299 shares of the company’s stock were exchanged, compared to its average volume of 33,157,301. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17. The stock has a market cap of $3,610.00, a P/E ratio of -6.85 and a beta of 2.16. Chesapeake Energy has a fifty-two week low of $3.41 and a fifty-two week high of $7.29.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business 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 company’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 EPS. sell-side analysts expect that Chesapeake Energy will post 0.75 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CHK. Advisory Services Network LLC grew its position in Chesapeake Energy 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 valued at $116,000 after purchasing an additional 7,000 shares during the last quarter. UBS Oconnor LLC purchased a new stake in Chesapeake Energy during the 2nd quarter valued at about $122,000. Gotham Asset Management LLC purchased a new stake in Chesapeake Energy during the 2nd quarter valued at about $126,000. Sapphire Star Partners LP purchased a new stake in Chesapeake Energy during the 3rd quarter valued at about $143,000. Finally, Blair William & Co. IL grew its position in Chesapeake Energy by 10.5% during the 2nd quarter. Blair William & Co. IL now owns 29,469 shares of the oil and gas exploration company’s stock valued at $146,000 after purchasing an additional 2,800 shares during the last quarter. 63.98% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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