UBS Group began coverage on shares of Chesapeake Energy (NYSE:CHK) in a report published on Wednesday, www.benzinga.com reports. The brokerage issued a buy rating and a $2.80 price objective on the oil and gas exploration company’s stock.
CHK has been the subject of a number of other research reports. ValuEngine lowered Chesapeake Energy from a buy rating to a hold rating in a research report on Sunday, December 31st. Mizuho lowered Chesapeake Energy from a neutral rating to an underperform rating and upped their price target for the company from $4.28 to $8.00 in a research report on Tuesday, January 16th. Zacks Investment Research raised Chesapeake Energy from a sell rating to a hold rating in a research report on Tuesday, February 27th. BMO Capital Markets set a $4.00 price target on Chesapeake Energy and gave the company a hold rating in a research report on Tuesday, November 14th. Finally, Sanford C. Bernstein reaffirmed a hold rating on shares of Chesapeake Energy in a research report on Friday, February 23rd. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $5.00.
Chesapeake Energy (NYSE CHK) opened at $3.10 on Wednesday. The company has a market capitalization of $2,818.65, a P/E ratio of 3.73 and a beta of 1.90. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of -4.86. Chesapeake Energy has a 52-week low of $2.53 and a 52-week high of $6.59.
Several institutional investors have recently bought and sold shares of the stock. Elkfork Partners LLC purchased a new stake in shares of Chesapeake Energy in the 4th quarter worth approximately $414,000. MetLife Investment Advisors LLC purchased a new stake in shares of Chesapeake Energy in the 4th quarter worth approximately $1,113,000. All Terrain Financial Advisors LLC purchased a new stake in shares of Chesapeake Energy in the 4th quarter worth approximately $170,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Chesapeake Energy in the 4th quarter worth approximately $568,000. Finally, Financial Partners Group Inc purchased a new stake in shares of Chesapeake Energy in the 4th quarter worth approximately $114,000. Institutional investors own 61.03% of the company’s stock.
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About Chesapeake Energy
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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