BMO Capital Markets set a $3.00 price target on Chesapeake Energy Corporation (NYSE:CHK) in a report published on Tuesday. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.
CHK has been the topic of several other research reports. Scotiabank reiterated a hold rating and issued a $5.00 price target on shares of Chesapeake Energy Corporation in a report on Friday, June 30th. BidaskClub upgraded Chesapeake Energy Corporation from a sell rating to a hold rating in a report on Wednesday, June 28th. Vetr cut Chesapeake Energy Corporation from a strong-buy rating to a buy rating and set a $5.23 price target on the stock. in a report on Tuesday, July 11th. Mizuho reiterated a hold rating and issued a $5.00 price target on shares of Chesapeake Energy Corporation in a report on Friday, September 29th. Finally, Macquarie cut Chesapeake Energy Corporation from a neutral rating to an underperform rating and raised their price target for the company from $3.93 to $4.00 in a report on Wednesday, June 21st. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Chesapeake Energy Corporation currently has an average rating of Hold and an average price target of $6.05.
Shares of Chesapeake Energy Corporation (CHK) opened at 3.91 on Tuesday. Chesapeake Energy Corporation has a one year low of $3.55 and a one year high of $8.20. The firm’s market capitalization is $3.49 billion. The firm has a 50-day moving average of $4.00 and a 200-day moving average of $4.83.
Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. On average, equities analysts predict that Chesapeake Energy Corporation will post $0.72 earnings per share for the current fiscal year.
In other news, Director R Brad Martin bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $4.11 per share, with a total value of $102,750.00. Following the transaction, the director now owns 547,358 shares in the company, valued at $2,249,641.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.14% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in CHK. Vanguard Group Inc. raised its position in Chesapeake Energy Corporation by 19.3% in 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. Bridgewater Associates LP acquired a new stake in Chesapeake Energy Corporation in the 2nd quarter valued at approximately $26,111,000. State Street Corp raised its position in Chesapeake Energy Corporation by 9.1% in 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. Parametric Portfolio Associates LLC raised its position in Chesapeake Energy Corporation by 62.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,118,536 shares of the oil and gas exploration company’s stock valued at $25,439,000 after buying an additional 1,963,927 shares during the last quarter. Finally, James Investment Research Inc. raised its position in Chesapeake Energy Corporation by 3,211.0% in the 2nd quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company’s stock valued at $8,582,000 after buying an additional 1,674,544 shares during the last quarter. 64.56% of the stock is currently owned by institutional investors and hedge funds.
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.
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