Chesapeake Energy (CHK) Downgraded by TheStreet

TheStreet lowered shares of Chesapeake Energy (NYSE:CHK) from a c rating to a d+ rating in a research report released on Wednesday morning, TheStreetRatingsTable reports.

Other research analysts also recently issued research reports about the stock. Imperial Capital dropped their target price on shares of Chesapeake Energy from $5.00 to $3.00 and set an in-line rating for the company in a report on Thursday, January 10th. Guggenheim reaffirmed a neutral rating on shares of Chesapeake Energy in a report on Wednesday, April 17th. Raymond James upped their target price on shares of Chesapeake Energy from $3.50 to $4.00 and gave the stock an outperform rating in a report on Friday, January 11th. Citigroup upped their target price on shares of Chesapeake Energy from $2.50 to $3.50 and gave the stock a neutral rating in a report on Wednesday, March 6th. Finally, UBS Group set a $2.00 target price on shares of Chesapeake Energy and gave the stock a sell rating in a report on Monday, January 14th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $4.01.

Shares of CHK stock opened at $2.61 on Wednesday. Chesapeake Energy has a 1 year low of $1.71 and a 1 year high of $5.60. The company has a quick ratio of 0.57, a current ratio of 0.47 and a debt-to-equity ratio of 3.72. The firm has a market cap of $4.37 billion, a PE ratio of 2.90, a price-to-earnings-growth ratio of 0.69 and a beta of 2.39.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Chesapeake Energy had a net margin of 5.39% and a negative return on equity of 138.70%. The business had revenue of $929.00 million for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $0.34 EPS. The company’s revenue was down 25.3% on a year-over-year basis. On average, sell-side analysts forecast that Chesapeake Energy will post 0.62 earnings per share for the current fiscal year.

In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $3.25, for a total transaction of $1,847,378.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in shares of Chesapeake Energy by 13.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,537,429 shares of the oil and gas exploration company’s stock valued at $14,066,000 after purchasing an additional 522,395 shares during the last quarter. Glassman Wealth Services boosted its holdings in shares of Chesapeake Energy by 18,336.2% during the 1st quarter. Glassman Wealth Services now owns 12,721 shares of the oil and gas exploration company’s stock valued at $39,000 after purchasing an additional 12,652 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Chesapeake Energy by 30.8% during the 1st quarter. MML Investors Services LLC now owns 50,161 shares of the oil and gas exploration company’s stock valued at $155,000 after purchasing an additional 11,801 shares during the last quarter. Sawtooth Solutions LLC bought a new position in shares of Chesapeake Energy during the 1st quarter valued at about $173,000. Finally, Federated Investors Inc. PA boosted its holdings in shares of Chesapeake Energy by 2.9% during the 1st quarter. Federated Investors Inc. PA now owns 365,726 shares of the oil and gas exploration company’s stock valued at $1,133,000 after purchasing an additional 10,152 shares during the last quarter. 58.81% of the stock is owned by institutional investors and hedge funds.

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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