Chesapeake Energy Corp. Downgraded to Neutral at Susquehanna (CHK)
Chesapeake Energy Corp. (NYSE:CHK) was downgraded by stock analysts at Susquehanna from a “positive” rating to a “neutral” rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $26.00 target price on the stock. Susquehanna’s price target would indicate a potential upside of 2.93% from the company’s current price. The analysts noted that the move was a valuation call.
CHK has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Chesapeake Energy Corp. from $24.00 to $30.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Chesapeake Energy Corp. in a research note to investors on Friday, August 2nd. Finally, analysts at Global Hunter Securities raised their price target on shares of Chesapeake Energy Corp. from $27.00 to $31.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.85.
Chesapeake Energy Corp. (NYSE:CHK) opened at 25.26 on Wednesday. Chesapeake Energy Corp. has a 52-week low of $16.23 and a 52-week high of $25.64. The stock has a 50-day moving average of $23.16 and a 200-day moving average of $21.08. The company’s market cap is $16.405 billion.
Chesapeake Energy Corp. (NYSE:CHK) last released its earnings data on Thursday, August 1st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. On average, analysts predict that Chesapeake Energy Corp. will post $1.59 earnings per share for the current fiscal year.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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