Chesapeake Energy Co. (CHK) Given Consensus Rating of “Hold” by Brokerages

Chesapeake Energy Co. (NYSE:CHK) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $5.00.

A number of equities research analysts have commented on the stock. Imperial Capital dropped their price objective on shares of Chesapeake Energy from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Wednesday. Zacks Investment Research raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Friday, July 20th. Morgan Stanley reissued a “hold” rating and issued a $6.00 price objective (up from $5.00) on shares of Chesapeake Energy in a research report on Friday, October 12th. Wolfe Research downgraded shares of Chesapeake Energy from a “peer perform” rating to an “underperform” rating in a research report on Thursday, August 16th. Finally, Stephens reissued a “hold” rating and issued a $6.00 price objective on shares of Chesapeake Energy in a research report on Friday, July 27th.

CHK traded down $0.08 during trading hours on Friday, hitting $3.49. 38,731,060 shares of the company’s stock were exchanged, compared to its average volume of 36,188,292. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.60. The company has a market cap of $3.19 billion, a P/E ratio of 4.26, a PEG ratio of 0.45 and a beta of 1.93.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Chesapeake Energy had a net margin of 6.91% and a negative return on equity of 54.07%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, research analysts predict that Chesapeake Energy will post 0.85 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of CHK. Schwab Charles Investment Management Inc. grew its position in shares of Chesapeake Energy by 88.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,962,748 shares of the oil and gas exploration company’s stock valued at $52,205,000 after buying an additional 4,671,610 shares during the last quarter. Huber Capital Management LLC grew its position in shares of Chesapeake Energy by 332.6% in the 2nd quarter. Huber Capital Management LLC now owns 5,013,813 shares of the oil and gas exploration company’s stock valued at $26,272,000 after buying an additional 3,854,689 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Chesapeake Energy by 94.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,348,023 shares of the oil and gas exploration company’s stock valued at $19,171,000 after buying an additional 3,077,431 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Chesapeake Energy by 181.6% in the 1st quarter. Principal Financial Group Inc. now owns 3,972,965 shares of the oil and gas exploration company’s stock valued at $11,998,000 after buying an additional 2,561,947 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Chesapeake Energy by 194.0% in the 2nd quarter. First Trust Advisors LP now owns 1,474,809 shares of the oil and gas exploration company’s stock valued at $7,728,000 after buying an additional 973,246 shares during the last quarter. 57.29% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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