Chesapeake Energy (NYSE:CHK) has been assigned a $4.00 price target by analysts at Scotiabank in a note issued to investors on Wednesday, November 22nd. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. Scotiabank’s price target points to a potential upside of 8.11% from the stock’s current price.
A number of other research firms have also weighed in on CHK. Piper Jaffray Companies set a $4.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a report on Thursday, October 19th. Stifel Nicolaus reissued a “buy” rating and issued a $6.00 target price (down from $10.00) on shares of Chesapeake Energy in a report on Friday, August 11th. BidaskClub lowered shares of Chesapeake Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. BMO Capital Markets set a $3.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Barclays lifted their target price on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.69.
Shares of Chesapeake Energy (CHK) traded down $0.07 during midday trading on Wednesday, hitting $3.70. 28,217,455 shares of the stock were exchanged, compared to its average volume of 34,411,648. Chesapeake Energy has a 12-month low of $3.41 and a 12-month high of $8.20. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $3,562.05, a P/E ratio of 6.53 and a beta of 2.13.
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 for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business earned $0.09 EPS. The business’s quarterly revenue was down 16.8% on a year-over-year basis. equities research analysts forecast that Chesapeake Energy will post 0.76 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in CHK. Fox Run Management L.L.C. acquired a new position in shares of Chesapeake Energy during the 2nd quarter worth approximately $115,000. Advisory Services Network LLC raised its stake in 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 acquired a new position in Chesapeake Energy in the 2nd quarter valued at $122,000. Gotham Asset Management LLC acquired a new position in Chesapeake Energy in the 2nd quarter valued at $126,000. Finally, HRT Financial LLC acquired a new position in Chesapeake Energy in the 2nd quarter valued at $131,000. 64.03% of the stock is owned by institutional investors and hedge funds.
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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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