Piper Jaffray Companies restated their hold rating on shares of Chesapeake Energy (NYSE:CHK) in a research report released on Tuesday. They currently have a $5.00 target price on the oil and gas exploration company’s stock.

A number of other equities research analysts have also issued reports on the stock. SunTrust Banks restated a buy rating and issued a $6.00 target price on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. ValuEngine lowered shares of Chesapeake Energy from a buy rating to a hold rating in a research note on Sunday, December 31st. Credit Suisse Group assumed coverage on shares of Chesapeake Energy in a research note on Monday, December 11th. They issued an underperform rating and a $3.00 target price on the stock. Scotiabank set a $4.00 target price on shares of Chesapeake Energy and gave the company a hold rating in a research note on Wednesday, November 22nd. Finally, BMO Capital Markets set a $4.00 target price on shares of Chesapeake Energy and gave the company a hold rating in a research note on Tuesday, November 14th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $5.15.

Shares of Chesapeake Energy (NYSE CHK) traded up $0.09 during mid-day trading on Tuesday, reaching $4.28. 33,152,900 shares of the company’s stock were exchanged, compared to its average volume of 28,780,000. Chesapeake Energy has a 52-week low of $3.41 and a 52-week high of $7.29. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $3,890.00, a price-to-earnings ratio of -7.38 and a beta of 2.16.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $979.00 million for the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy had a net margin of 2.77% and a negative return on equity of 19.93%. The company’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. research analysts predict that Chesapeake Energy will post 0.75 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Chesapeake Energy by 19.3% during the 2nd quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock valued at $540,542,000 after buying an additional 17,615,861 shares during the last quarter. State Street Corp grew its position in shares of Chesapeake Energy by 9.1% during the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after buying an additional 3,982,812 shares during the last quarter. Northern Trust Corp grew its position in shares of Chesapeake Energy by 5.6% during the 2nd quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock valued at $40,850,000 after buying an additional 433,272 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Chesapeake Energy by 6.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,784,218 shares of the oil and gas exploration company’s stock valued at $29,172,000 after buying an additional 402,974 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Chesapeake Energy by 55.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,181,585 shares of the oil and gas exploration company’s stock valued at $26,581,000 after buying an additional 2,208,035 shares during the last quarter. 63.98% of the stock is owned by institutional investors and hedge funds.

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About Chesapeake Energy

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.

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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