Chesapeake Energy (NASDAQ:CHK) Trading Down 0.6%

Chesapeake Energy Co. (NASDAQ:CHK) shares were down 0.6% on Friday . The company traded as low as $90.54 and last traded at $90.91. Approximately 263,650 shares changed hands during trading, a decline of 87% from the average daily volume of 2,014,288 shares. The stock had previously closed at $91.47.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHK. UBS Group increased their price objective on shares of Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Mizuho reissued a “buy” rating and issued a $100.00 price target on shares of Chesapeake Energy in a research report on Thursday, April 11th. Scotiabank lifted their price objective on Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Citigroup raised Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $82.00 to $95.00 in a report on Friday, January 12th. Finally, Truist Financial decreased their price target on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.73.

Chesapeake Energy Stock Up 0.6 %

The company has a market cap of $12.04 billion, a P/E ratio of 5.40 and a beta of 0.52. 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 fifty day moving average price of $85.63 and a 200 day moving average price of $82.14.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $962.95 million. During the same quarter in the prior year, the firm earned $4.22 EPS. Equities research analysts forecast that Chesapeake Energy Co. will post 1.76 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 13.66%.

Hedge Funds Weigh In On Chesapeake Energy

Several large investors have recently made changes to their positions in the company. Deutsche Bank AG lifted its position in Chesapeake Energy by 14.7% during the 3rd quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock valued at $22,590,000 after purchasing an additional 33,660 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Chesapeake Energy by 204.0% during the third quarter. State of Alaska Department of Revenue now owns 19,925 shares of the company’s stock worth $1,717,000 after buying an additional 13,370 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Chesapeake Energy by 6.6% in the third quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock valued at $1,130,000 after buying an additional 816 shares during the period. Yousif Capital Management LLC acquired a new stake in Chesapeake Energy during the 3rd quarter worth $4,510,000. Finally, Cottage Street Advisors LLC acquired a new stake in Chesapeake Energy during the 3rd quarter worth $1,693,000. Institutional investors and hedge funds 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.