Chesapeake Energy (NYSE:CHK)‘s stock had its “hold” rating reissued by equities research analysts at Piper Jaffray Companies in a research report issued on Thursday. They presently have a $3.00 price target on the oil and gas exploration company’s stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 1.96% from the stock’s current price.
A number of other analysts have also commented on CHK. Scotiabank set a $4.00 price target on Chesapeake Energy and gave the company a “hold” rating in a research note on Wednesday, November 22nd. Credit Suisse Group initiated coverage on Chesapeake Energy in a research note on Monday, December 11th. They set an “underperform” rating and a $3.00 price target on the stock. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. SunTrust Banks reissued a “buy” rating and set a $6.00 price target on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. Finally, Mizuho lowered Chesapeake Energy from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $4.28 to $8.00 in a research note on Tuesday, January 16th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Chesapeake Energy presently has an average rating of “Hold” and a consensus price target of $4.90.
Shares of Chesapeake Energy (NYSE:CHK) opened at $3.06 on Thursday. Chesapeake Energy has a 12 month low of $2.53 and a 12 month high of $6.59. The company has a market capitalization of $2,745.91, a PE ratio of 3.69 and a beta of 1.90. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 and a current ratio of 0.65.
Institutional investors and hedge funds have recently modified their holdings of the business. Elkfork Partners LLC bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $414,000. MetLife Investment Advisors LLC bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $1,113,000. All Terrain Financial Advisors LLC bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $170,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $568,000. Finally, Financial Partners Group Inc bought a new stake in shares of Chesapeake Energy during the fourth quarter valued at approximately $114,000. 61.93% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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