Chesapeake Energy Corporation (NYSE:CHK) was upgraded by Vetr from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, August 1st. The firm presently has a $5.68 target price on the oil and gas exploration company’s stock. Vetr‘s price target suggests a potential upside of 37.20% from the stock’s current price.
Other research analysts have also issued research reports about the company. Bank of America Corporation reiterated a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, May 12th. ValuEngine upgraded Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $9.00 price target on shares of Chesapeake Energy Corporation in a report on Monday, May 1st. Stifel Nicolaus reiterated a “buy” rating on shares of Chesapeake Energy Corporation in a report on Friday, July 21st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $6.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 15th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.55.
Shares of Chesapeake Energy Corporation (CHK) remained flat at $4.14 during midday trading on Tuesday. 32,318,168 shares of the company were exchanged. The firm’s market capitalization is $3.69 billion. Chesapeake Energy Corporation has a 52-week low of $4.05 and a 52-week high of $8.20. The firm’s 50-day moving average is $4.71 and its 200 day moving average is $5.39.
Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) earnings per share. On average, analysts predict that Chesapeake Energy Corporation will post $0.76 EPS for the current year.
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In related news, Director Thomas L. Ryan purchased 75,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $5.00 per share, with a total value of $375,000.00. Following the completion of the acquisition, the director now directly owns 440,355 shares of the company’s stock, valued at $2,201,775. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director R Brad Martin purchased 20,400 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost 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 $2,376,728.90. The disclosure for this purchase can be found here. Insiders acquired 115,400 shares of company stock valued at $573,020 over the last three months. Company insiders own 1.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Tiedemann Wealth Management LLC raised its position in 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 worth $101,000 after buying an additional 2,952 shares during the last quarter. Hollencrest Securities LLC raised its position in 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 worth $103,000 after buying an additional 1,000 shares during the last quarter. Cleararc Capital Inc. raised its position in 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 worth $111,000 after buying an additional 508 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Chesapeake Energy Corporation during the second quarter worth approximately $115,000. Finally, HRT Financial LLC bought a new position in Chesapeake Energy Corporation during the second quarter worth approximately $131,000. 64.73% of the stock is owned by hedge funds and other institutional investors.
Chesapeake Energy Corporation Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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