Chesapeake Energy (NASDAQ:CHK) PT Raised to $110.00 at Scotiabank

Chesapeake Energy (NASDAQ:CHK) had its price target raised by Scotiabank from $92.00 to $110.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 25.03% from the company’s previous close.

CHK has been the topic of several other research reports. UBS Group lifted their target price on Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays assumed coverage on shares of Chesapeake Energy in a research report on Wednesday. They set an “equal weight” rating and a $102.00 target price for the company. KeyCorp began coverage on shares of Chesapeake Energy in a research note on Thursday, April 4th. They issued a “sector weight” rating on the stock. Johnson Rice lowered Chesapeake Energy from a “buy” rating to an “accumulate” rating in a research report on Thursday, December 14th. Finally, Mizuho reiterated a “buy” rating and issued a $100.00 target price on shares of Chesapeake Energy in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $103.58.

Chesapeake Energy Stock Performance

Shares of NASDAQ CHK traded down $2.02 during trading on Thursday, reaching $87.98. 2,072,777 shares of the company traded hands, compared to its average volume of 2,126,252. Chesapeake Energy has a 52-week low of $72.84 and a 52-week high of $91.03. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $83.04 and a 200-day simple moving average of $81.82. The stock has a market capitalization of $11.51 billion, a PE ratio of 5.22 and a beta of 0.52.

Chesapeake Energy (NASDAQ:CHK) last announced its earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $962.95 million. During the same period last year, the firm posted $4.22 earnings per share. Equities research analysts anticipate that Chesapeake Energy will post 3.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHK. CVA Family Office LLC purchased a new position in Chesapeake Energy during the 1st quarter valued at $888,000. Inscription Capital LLC purchased a new stake in shares of Chesapeake Energy during the first quarter valued at $207,000. Wedmont Private Capital bought a new position in shares of Chesapeake Energy in the first quarter worth about $279,000. NBC Securities Inc. increased its stake in Chesapeake Energy by 3.3% in the 1st quarter. NBC Securities Inc. now owns 12,473 shares of the company’s stock worth $1,117,000 after buying an additional 401 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in Chesapeake Energy during the 1st quarter valued at about $623,000. Hedge funds and other institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Company Profile

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.