Chesapeake Energy’s (CHK) Neutral Rating Reiterated at Guggenheim

Chesapeake Energy (NYSE:CHK)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Guggenheim in a research report issued to clients and investors on Wednesday, Briefing.com Automated Import reports.

Several other research analysts also recently issued reports on the company. Bank of America downgraded Chesapeake Energy from a “neutral” rating to an “underperform” rating in a research note on Friday, January 4th. Imperial Capital lowered their price objective on Chesapeake Energy from $5.00 to $3.00 and set an “in-line” rating for the company in a research note on Thursday, January 10th. Raymond James upped their price objective on Chesapeake Energy from $3.50 to $4.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Citigroup upped their price objective on Chesapeake Energy from $2.50 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Finally, UBS Group set a $2.00 price objective on Chesapeake Energy and gave the company a “sell” rating in a research note on Monday, January 14th. Nine investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Chesapeake Energy currently has a consensus rating of “Hold” and a consensus target price of $4.01.

NYSE CHK traded down $0.03 during trading on Wednesday, hitting $3.06. 27,682,576 shares of the company’s stock were exchanged, compared to its average volume of 46,098,945. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 3.40, a PEG ratio of 1.05 and a beta of 2.44. Chesapeake Energy has a fifty-two week low of $1.71 and a fifty-two week high of $5.60.

Chesapeake Energy (NYSE:CHK) last issued its earnings results on Wednesday, February 27th. The oil and gas exploration company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy had a negative return on equity of 58.05% and a net margin of 8.31%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. As a group, equities research analysts forecast that Chesapeake Energy will post 0.52 EPS for the current year.

In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $3.25, for a total transaction of $1,847,378.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Nwam LLC boosted its holdings in shares of Chesapeake Energy by 8.2% during the 4th quarter. Nwam LLC now owns 68,806 shares of the oil and gas exploration company’s stock worth $144,000 after buying an additional 5,191 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in shares of Chesapeake Energy by 0.7% during the 4th quarter. North Star Asset Management Inc. now owns 953,226 shares of the oil and gas exploration company’s stock worth $2,002,000 after buying an additional 6,315 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Chesapeake Energy by 111.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 762,495 shares of the oil and gas exploration company’s stock worth $363,000 after purchasing an additional 402,081 shares in the last quarter. Magnus Financial Group LLC bought a new position in shares of Chesapeake Energy in the 4th quarter worth $141,000. Finally, SOL Capital Management CO lifted its holdings in shares of Chesapeake Energy by 42.3% in the 4th quarter. SOL Capital Management CO now owns 137,365 shares of the oil and gas exploration company’s stock worth $288,000 after purchasing an additional 40,800 shares in the last quarter. Hedge funds and other institutional investors own 58.81% of the company’s stock.

About Chesapeake Energy

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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