Brokerages Set Chesapeake Energy Co. (CHK) PT at $4.41

Chesapeake Energy Co. (NYSE:CHK) has received a consensus rating of “Hold” from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.41.

Several equities analysts recently issued reports on CHK shares. UBS Group started coverage on shares of Chesapeake Energy in a report on Wednesday, March 7th. They set a “buy” rating and a $2.80 price target for the company. Stephens reissued a “hold” rating and set a $5.00 price target on shares of Chesapeake Energy in a report on Thursday, March 15th. Piper Jaffray Companies reissued a “hold” rating and set a $3.00 price target on shares of Chesapeake Energy in a report on Thursday, March 15th. Zacks Investment Research raised shares of Chesapeake Energy from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of Chesapeake Energy in a report on Friday, February 23rd.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its stake in shares of Chesapeake Energy by 21.5% in the fourth quarter. Guggenheim Capital LLC now owns 11,511,578 shares of the oil and gas exploration company’s stock worth $45,586,000 after acquiring an additional 2,035,111 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Chesapeake Energy by 0.6% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,795,200 shares of the oil and gas exploration company’s stock worth $32,602,000 after acquiring an additional 59,400 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Chesapeake Energy by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 10,624,320 shares of the oil and gas exploration company’s stock worth $42,009,000 after acquiring an additional 376,710 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Chesapeake Energy by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 9,531,633 shares of the oil and gas exploration company’s stock worth $37,745,000 after acquiring an additional 50,413 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Chesapeake Energy in the first quarter worth about $25,979,000. 58.17% of the stock is owned by institutional investors.

Shares of Chesapeake Energy traded down $0.03, hitting $4.73, during trading on Thursday, Marketbeat Ratings reports. 21,937,248 shares of the company’s stock traded hands, compared to its average volume of 38,777,629. The company has a debt-to-equity ratio of -5.27, a quick ratio of 0.52 and a current ratio of 0.52. Chesapeake Energy has a twelve month low of $2.53 and a twelve month high of $5.20. The firm has a market cap of $4.49 billion, a P/E ratio of 5.77 and a beta of 1.90.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09. Chesapeake Energy had a net margin of 11.67% and a negative return on equity of 43.41%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $0.23 EPS. The firm’s revenue was down 15.4% on a year-over-year basis. equities analysts forecast that Chesapeake Energy will post 0.79 earnings per share for the current fiscal year.

About Chesapeake Energy

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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