Chesapeake Energy Co. (CHK) Receives Average Recommendation of “Hold” from Analysts

Chesapeake Energy Co. (NYSE:CHK) has earned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $3.89.

A number of equities analysts have weighed in on CHK shares. Zacks Investment Research cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. Argus cut shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. SunTrust Banks restated a “hold” rating on shares of Chesapeake Energy in a report on Wednesday, May 8th. Guggenheim restated a “neutral” rating on shares of Chesapeake Energy in a report on Wednesday, April 17th. Finally, Goldman Sachs Group cut shares of Chesapeake Energy from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $2.75 to $2.50 in a report on Friday, April 12th. They noted that the move was a valuation call.

In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $3.25, for a total value of $1,847,378.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC boosted its holdings in Chesapeake Energy by 206.8% during the first quarter. Advisory Services Network LLC now owns 94,764 shares of the oil and gas exploration company’s stock worth $294,000 after purchasing an additional 63,874 shares during the last quarter. Cleararc Capital Inc. bought a new stake in Chesapeake Energy during the first quarter worth $83,000. Metropolitan Life Insurance Co NY raised its position in Chesapeake Energy by 16.9% during the first quarter. Metropolitan Life Insurance Co NY now owns 305,326 shares of the oil and gas exploration company’s stock worth $946,000 after acquiring an additional 44,101 shares in the last quarter. IHT Wealth Management LLC bought a new stake in Chesapeake Energy during the first quarter worth $64,000. Finally, BlueCrest Capital Management Ltd raised its position in Chesapeake Energy by 301.7% during the first quarter. BlueCrest Capital Management Ltd now owns 41,692 shares of the oil and gas exploration company’s stock worth $129,000 after acquiring an additional 31,314 shares in the last quarter. Institutional investors own 47.64% of the company’s stock.

NYSE:CHK traded down $0.13 during trading hours on Thursday, reaching $2.06. The stock had a trading volume of 51,417,446 shares, compared to its average volume of 45,713,570. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 2.29 and a beta of 2.39. The company has a debt-to-equity ratio of 3.72, a current ratio of 0.47 and a quick ratio of 0.47. Chesapeake Energy has a 52 week low of $1.71 and a 52 week high of $5.60.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $1.13 billion. Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. Chesapeake Energy’s revenue for the quarter was down 25.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. As a group, analysts anticipate that Chesapeake Energy will post -0.07 EPS for the current year.

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 Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

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Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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