Chesapeake Energy (NASDAQ:CHK) Price Target Lowered to $93.00 at Benchmark

Chesapeake Energy (NASDAQ:CHK) had its price target lowered by equities research analysts at Benchmark from $107.00 to $93.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 7.30% from the stock’s previous close.

Other research analysts also recently issued reports about the company. KeyCorp initiated coverage on Chesapeake Energy in a research note on Thursday, April 4th. They issued a “sector weight” rating on the stock. UBS Group raised their price target on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Mizuho increased their price objective on shares of Chesapeake Energy from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Wednesday. Stephens boosted their target price on Chesapeake Energy from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Truist Financial cut their price target on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chesapeake Energy presently has an average rating of “Hold” and an average price target of $105.83.

Chesapeake Energy Trading Down 0.1 %

CHK stock traded down $0.12 during trading on Thursday, hitting $86.67. The company had a trading volume of 2,836,734 shares, compared to its average volume of 1,684,417. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. Chesapeake Energy has a one year low of $72.84 and a one year high of $93.58. The business has a 50-day moving average of $86.65 and a 200-day moving average of $82.15. The stock has a market cap of $11.36 billion, a PE ratio of 11.68 and a beta of 0.51.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.08). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $674.99 million. Chesapeake Energy had a return on equity of 4.87% and a net margin of 16.42%. During the same quarter last year, the company earned $1.87 earnings per share. Research analysts predict that Chesapeake Energy will post 1.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chesapeake Energy

Several large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its stake in Chesapeake Energy by 14.7% in the 3rd quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock valued at $22,590,000 after buying an additional 33,660 shares in the last quarter. Townsquare Capital LLC boosted its stake in Chesapeake Energy by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock worth $1,130,000 after purchasing an additional 816 shares during the period. Yousif Capital Management LLC purchased a new position in Chesapeake Energy during the 3rd quarter valued at about $4,510,000. Cottage Street Advisors LLC bought a new stake in shares of Chesapeake Energy during the third quarter valued at about $1,693,000. Finally, Kimmeridge Energy Management Company LLC lifted its holdings in shares of Chesapeake Energy by 16.2% in the third quarter. Kimmeridge Energy Management Company LLC now owns 3,153,879 shares of the company’s stock worth $271,959,000 after buying an additional 439,186 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

About Chesapeake Energy

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.