Chesapeake Energy Corporation (NYSE:CHK)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $5.00 price objective on the oil and gas exploration company’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 6.61% from the company’s previous close.
CHK has been the subject of a number of other research reports. BidaskClub upgraded shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Scotiabank restated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy Corporation in a research note on Friday, June 30th. Vetr lowered shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price target for the company. in a research note on Tuesday, July 11th. BMO Capital Markets restated a “hold” rating and issued a $3.00 price target on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Finally, Barclays PLC restated a “sell” rating and issued a $4.00 price target (down previously from $5.00) on shares of Chesapeake Energy Corporation in a research note on Thursday, April 20th. Three research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $6.63.
Chesapeake Energy Corporation (NYSE CHK) opened at 4.69 on Friday. The firm’s market cap is $4.18 billion. Chesapeake Energy Corporation has a one year low of $4.38 and a one year high of $8.20. The stock has a 50 day moving average of $4.85 and a 200 day moving average of $5.63.
Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. During the same quarter last year, the firm posted ($0.10) earnings per share. On average, equities analysts forecast that Chesapeake Energy Corporation will post $0.80 earnings per share for the current year.
In related news, Director R Brad Martin acquired 20,400 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average price of $4.55 per share, with a total value of $92,820.00. Following the completion of the acquisition, the director now directly owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas L. Ryan acquired 75,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $5.00 per share, with a total value of $375,000.00. Following the acquisition, the director now directly owns 440,355 shares of the company’s stock, valued at $2,201,775. The disclosure for this purchase can be found here. Insiders purchased 115,400 shares of company stock valued at $573,020 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.
A number of large investors have recently bought and sold shares of CHK. Putnam Investments LLC boosted its stake in shares of Chesapeake Energy Corporation by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock valued at $108,000 after buying an additional 1,000 shares during the period. Tiedemann Wealth Management LLC boosted its stake in shares of Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 2,952 shares during the period. Hollencrest Securities LLC boosted its stake in shares of Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 1,000 shares during the period. Cleararc Capital Inc. boosted its stake in shares of Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at approximately $115,000. 64.60% of the stock is owned by institutional investors and hedge funds.
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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