Chesapeake Energy Corporation (CHK) Given a $4.00 Price Target by BMO Capital Markets Analysts
BMO Capital Markets set a $4.00 price objective on Chesapeake Energy Corporation (NYSE:CHK) in a research report sent to investors on Tuesday morning. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.
CHK has been the subject of a number of other reports. Scotiabank set a $5.00 price target on shares of Chesapeake Energy Corporation and gave the company a hold rating in a report on Thursday, August 3rd. Vetr raised shares of Chesapeake Energy Corporation from a buy rating to a strong-buy rating and set a $5.23 price objective for the company in a report on Monday, July 24th. Piper Jaffray Companies set a $6.00 price objective on shares of Chesapeake Energy Corporation and gave the stock a hold rating in a report on Thursday, August 24th. BidaskClub lowered shares of Chesapeake Energy Corporation from a hold rating to a sell rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC lowered shares of Chesapeake Energy Corporation from a hold rating to an underperform rating and decreased their price target for the company from $4.00 to $2.00 in a report on Monday, October 9th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $5.81.
Shares of Chesapeake Energy Corporation (NYSE:CHK) remained flat at $$3.94 during mid-day trading on Tuesday. 12,783,295 shares of the company’s stock traded hands, compared to its average volume of 35,231,375. Chesapeake Energy Corporation has a 1-year low of $3.41 and a 1-year high of $8.20. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of -4.17. The firm has a market cap of $3,570.00, a PE ratio of 6.92 and a beta of 2.18.
Chesapeake Energy Corporation (NYSE:CHK) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. The business had revenue of $979.00 million during the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy Corporation had a net margin of 2.77% and a negative return on equity of 19.93%. The business’s revenue was down 16.8% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. analysts forecast that Chesapeake Energy Corporation will post 0.74 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. acquired a new stake in Chesapeake Energy Corporation in the second quarter valued at approximately $115,000. Advisory Services Network LLC lifted its stake in shares of Chesapeake Energy Corporation by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 7,000 shares during the last quarter. UBS Oconnor LLC acquired a new stake in shares of Chesapeake Energy Corporation in the second quarter worth $122,000. Gotham Asset Management LLC acquired a new stake in shares of Chesapeake Energy Corporation in the second quarter worth $126,000. Finally, HRT Financial LLC acquired a new stake in shares of Chesapeake Energy Corporation in the second quarter worth $131,000. Hedge funds and other institutional investors own 64.71% of the company’s stock.
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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