Chesapeake Energy Given Hold Rating at Deutsche Bank (CHK)
Chesapeake Energy (NYSE:CHK)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a $31.00 target price on the stock, up from their previous target price of $30.00. Deutsche Bank’s price objective points to a potential upside of 1.67% from the company’s current price.
Shares of Chesapeake Energy (NYSE:CHK) opened at 30.49 on Wednesday. Chesapeake Energy has a 52-week low of $19.32 and a 52-week high of $30.80. The stock’s 50-day moving average is $28.96 and its 200-day moving average is $26.9. The company has a market cap of $19.784 billion and a price-to-earnings ratio of 23.97.
Chesapeake Energy (NYSE:CHK) last released its earnings data on Wednesday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.11. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company posted $0.30 earnings per share. Chesapeake Energy’s revenue was up 47.4% compared to the same quarter last year. On average, analysts predict that Chesapeake Energy will post $2.07 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CHK. Analysts at Oppenheimer raised their price target on shares of Chesapeake Energy from $30.00 to $35.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Chesapeake Energy from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, analysts at Jefferies Group raised their price target on shares of Chesapeake Energy from $31.00 to $35.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Sixteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $29.22.
In other Chesapeake Energy news, Director Thomas L. Ryan purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $29.38 per share, for a total transaction of $205,660.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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