Barclays Increases Chesapeake Energy Corp. Price Target to $27.00 (CHK)
Equities researchers at Barclays increased their price objective on shares of Chesapeake Energy Corp. (NYSE:CHK) from $23.00 to $27.00 in a research report issued on Monday, Analyst Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential downside of 4.42% from the company’s current price.
A number of other analysts have also recently weighed in on CHK. Analysts at Stifel Nicolaus downgraded shares of Chesapeake Energy Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, October 11th. They now have a $26.00 price target on the stock. Separately, analysts at Susquehanna downgraded shares of Chesapeake Energy Corp. from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. Finally, 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. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.10.
Chesapeake Energy Corp. (NYSE:CHK) traded down 0.50% during mid-day trading on Monday, hitting $28.1075. 5,855,750 shares of the company’s stock traded hands. Chesapeake Energy Corp. has a 52-week low of $16.23 and a 52-week high of $28.61. The stock has a 50-day moving average of $26.52 and a 200-day moving average of $22.83. The company’s market cap is $18.254 billion. Chesapeake Energy Corp. also was the target of some unusual options trading activity on Friday. Investors purchased 22,469 put options on the company. This is an increase of 191% compared to the average daily volume of 7,723 put options.
Chesapeake Energy Corp. (NYSE:CHK) last released its earnings data on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Chesapeake Energy Corp. will post $1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.09 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, October 10th.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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