Chesapeake Energy Corporation (NYSE:CHK) has been assigned an average rating of “Hold” from the twenty-seven analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.88.
Several brokerages have issued reports on CHK. Citigroup Inc. decreased their price objective on shares of Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday, July 21st. Vetr downgraded shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a research note on Tuesday, July 11th. Imperial Capital began coverage on shares of Chesapeake Energy Corporation in a research note on Tuesday, September 19th. They issued an “in-line” rating and a $5.00 price objective for the company. ValuEngine raised shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $5.00 price objective on shares of Chesapeake Energy Corporation in a research note on Friday, July 21st.
Shares of Chesapeake Energy Corporation (CHK) traded up 1.86% on Wednesday, reaching $3.84. The company had a trading volume of 28,782,267 shares. Chesapeake Energy Corporation has a 52 week low of $3.41 and a 52 week high of $8.20. The firm’s market capitalization is $3.42 billion. The stock’s 50 day moving average is $4.00 and its 200 day moving average is $4.64.
Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. 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 anticipate that Chesapeake Energy Corporation will post $0.72 EPS for the current year.
In other news, Director R Brad Martin purchased 25,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $4.11 per share, with a total value of $102,750.00. Following the completion of the acquisition, the director now 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 SEC, which is accessible through this link. 1.14% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Chesapeake Energy Corporation by 19.3% during the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock worth $540,542,000 after buying an additional 17,615,861 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Chesapeake Energy Corporation during the second quarter worth $26,111,000. State Street Corp lifted its stake in shares of Chesapeake Energy Corporation by 9.1% during the second quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock worth $237,402,000 after buying an additional 3,982,812 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Chesapeake Energy Corporation 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 worth $25,439,000 after buying an additional 1,963,927 shares during the period. Finally, James Investment Research Inc. lifted its stake in shares of Chesapeake Energy Corporation by 3,211.0% during the second quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company’s stock worth $8,582,000 after buying an additional 1,674,544 shares during the period. 64.61% of the stock is currently owned by institutional investors and hedge funds.
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Chesapeake Energy Corporation 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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