Chesapeake Energy Co. (NYSE:CHK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Chesapeake Energy Co. (NYSE:CHK) have earned an average recommendation of “Hold” from the twenty ratings firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.41.

Several brokerages have recently commented on CHK. Zacks Investment Research downgraded Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. TheStreet downgraded Chesapeake Energy from a “c” rating to a “d+” rating in a research note on Wednesday, May 8th. Argus downgraded Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. UBS Group set a $2.00 price objective on Chesapeake Energy and gave the stock a “sell” rating in a research note on Thursday, June 20th. Finally, SunTrust Banks reissued a “hold” rating on shares of Chesapeake Energy in a research note on Wednesday, May 8th.

In other Chesapeake Energy news, EVP James R. Webb purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of $1.96 per share, with a total value of $98,000.00. Following the completion of the transaction, the executive vice president now owns 1,439,322 shares of the company’s stock, valued at approximately $2,821,071.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Greylin Investment Mangement Inc. increased its position in Chesapeake Energy by 7.4% in the first quarter. Greylin Investment Mangement Inc. now owns 805,940 shares of the oil and gas exploration company’s stock worth $2,498,000 after buying an additional 55,705 shares during the last quarter. Steinberg Global Asset Management purchased a new stake in Chesapeake Energy in the first quarter worth $122,000. BB&T Corp increased its position in Chesapeake Energy by 218.8% in the first quarter. BB&T Corp now owns 51,000 shares of the oil and gas exploration company’s stock worth $158,000 after buying an additional 35,000 shares during the last quarter. LDR Capital Management LLC purchased a new stake in Chesapeake Energy in the first quarter worth $232,000. Finally, Retirement Systems of Alabama increased its position in Chesapeake Energy by 14.8% in the first quarter. Retirement Systems of Alabama now owns 1,359,421 shares of the oil and gas exploration company’s stock worth $4,214,000 after buying an additional 174,759 shares during the last quarter. 70.10% of the stock is owned by institutional investors and hedge funds.

Shares of Chesapeake Energy stock traded down $0.18 on Tuesday, hitting $1.38. The company had a trading volume of 4,161,591 shares, compared to its average volume of 47,853,720. The firm has a market capitalization of $2.68 billion, a PE ratio of 1.54 and a beta of 2.43. Chesapeake Energy has a 1 year low of $1.51 and a 1 year high of $4.98. The stock’s 50 day simple moving average is $1.79. 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 (NYSE:CHK) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas exploration company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Chesapeake Energy had a negative return on equity of 138.70% and a net margin of 5.39%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.15 earnings per share. As a group, analysts anticipate that Chesapeake Energy will post -0.21 EPS for the current year.

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 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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