Chesapeake Energy Corporation (CHK) Receives $7.20 Consensus Price Target from Analysts
Shares of Chesapeake Energy Corporation (NYSE:CHK) have been given an average rating of “Hold” by the thirty-four analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, twenty-two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $6.62.
A number of analysts have weighed in on CHK shares. Deutsche Bank AG cut their target price on shares of Chesapeake Energy Corporation from $9.00 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, March 7th. FBR & Co set a $5.00 target price on shares of Chesapeake Energy Corporation and gave the company a “sell” rating in a research report on Saturday, March 11th. Scotiabank restated a “hold” rating and issued a $8.00 target price on shares of Chesapeake Energy Corporation in a research report on Tuesday, March 14th. Jefferies Group LLC restated a “hold” rating and issued a $6.00 target price on shares of Chesapeake Energy Corporation in a research report on Wednesday, March 22nd. Finally, Stifel Nicolaus started coverage on shares of Chesapeake Energy Corporation in a research report on Thursday, March 23rd. They issued a “buy” rating and a $10.00 target price on the stock.
Chesapeake Energy Corporation (CHK) traded up 2.78% on Tuesday, reaching $4.80. The company’s stock had a trading volume of 34,458,348 shares. The firm’s market cap is $4.28 billion. Chesapeake Energy Corporation has a 12 month low of $3.93 and a 12 month high of $8.20. The firm’s 50 day moving average is $5.28 and its 200-day moving average is $6.01.
Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted ($0.10) earnings per share. On average, equities research analysts anticipate that Chesapeake Energy Corporation will post $0.85 EPS for the current year.
In related news, Director Thomas L. Ryan purchased 75,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was purchased at an average cost of $5.00 per share, with a total value of $375,000.00. Following the completion of the purchase, the director now owns 440,355 shares in the company, valued at approximately $2,201,775. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director R Brad Martin purchased 20,400 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was bought at an average cost of $4.55 per share, with a total value of $92,820.00. Following the completion of the purchase, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 115,400 shares of company stock valued at $573,020. Insiders own 1.14% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Suntrust Banks Inc. increased its stake in Chesapeake Energy Corporation by 13.3% in the first quarter. Suntrust Banks Inc. now owns 304,713 shares of the oil and gas exploration company’s stock valued at $1,808,000 after buying an additional 35,690 shares during the period. Flinton Capital Management LLC increased its stake in Chesapeake Energy Corporation by 25.4% in the first quarter. Flinton Capital Management LLC now owns 82,768 shares of the oil and gas exploration company’s stock valued at $492,000 after buying an additional 16,772 shares during the period. State Street Corp increased its stake in Chesapeake Energy Corporation by 18.9% in the fourth quarter. State Street Corp now owns 41,308,984 shares of the oil and gas exploration company’s stock valued at $289,984,000 after buying an additional 6,558,367 shares during the period. Karp Capital Management Corp bought a new stake in Chesapeake Energy Corporation during the first quarter valued at $1,583,000. Finally, Rafferty Asset Management LLC increased its stake in Chesapeake Energy Corporation by 287.9% in the first quarter. Rafferty Asset Management LLC now owns 196,936 shares of the oil and gas exploration company’s stock valued at $1,170,000 after buying an additional 146,165 shares during the period. 64.92% of the stock is owned by hedge funds and other institutional investors.
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About Chesapeake Energy Corporation
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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