Chesapeake Energy (CHK) Downgraded by Mizuho

Chesapeake Energy (NYSE:CHK) was downgraded by investment analysts at Mizuho from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages also recently weighed in on CHK. Piper Jaffray Companies set a $4.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a research note on Thursday, October 19th. Credit Suisse Group started coverage on shares of Chesapeake Energy in a research note on Monday, December 11th. They set an “underperform” rating and a $3.00 target price on the stock. Scotiabank reaffirmed a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research note on Friday, November 3rd. ValuEngine downgraded shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research note 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 note on Tuesday, October 10th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.15.

Chesapeake Energy (NYSE CHK) opened at $4.28 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. Chesapeake Energy has a fifty-two week low of $3.41 and a fifty-two week high of $7.29. The company has a market cap of $3,890.00, a P/E ratio of -7.38 and a beta of 2.16.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The firm had revenue of $979.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $0.09 EPS. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. research analysts anticipate that Chesapeake Energy will post 0.76 earnings per share for the current year.

Several large investors have recently made changes to their positions in CHK. Advisory Services Network LLC increased its position in shares of Chesapeake Energy by 42.6% in 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 shares of Chesapeake Energy in the 2nd quarter valued at approximately $122,000. Gotham Asset Management LLC purchased a new stake in shares of Chesapeake Energy in the 2nd quarter valued at approximately $126,000. Sapphire Star Partners LP purchased a new stake in shares of Chesapeake Energy in the 3rd quarter valued at approximately $143,000. Finally, Thrivent Financial For Lutherans increased its position in shares of Chesapeake Energy by 4.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,200 shares during the last quarter. 63.89% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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