Share on StockTwits

Chesapeake Energy (NYSE:CHK) was upgraded by equities research analysts at KLR Group from an “accumulate” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $37.00 price objective on the stock, up from their previous price objective of $33.00. KLR Group’s target price points to a potential upside of 33.86% from the company’s current price.

In other Chesapeake Energy news, EVP Douglas Jacobson sold 12,500 shares of Chesapeake Energy stock on the open market in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $30.00, for a total transaction of $375,000.00. Following the transaction, the executive vice president now directly owns 866,692 shares in the company, valued at approximately $26,000,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

CHK has been the subject of a number of other recent research reports. Analysts at Tudor Pickering upgraded shares of Chesapeake Energy from a “trim” rating to a “hold” rating in a research note on Monday. Separately, analysts at SunTrust raised their price target on shares of Chesapeake Energy from $35.00 to $37.00 in a research note on Monday, May 12th. Finally, analysts at TheStreet upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Fifteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $28.33.

Shares of Chesapeake Energy (NYSE:CHK) opened at 27.64 on Monday. Chesapeake Energy has a 52-week low of $19.32 and a 52-week high of $30.48. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $26.61. The company has a market cap of $17.935 billion and a P/E ratio of 22.79. Chesapeake Energy also was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 50,094,206 shares, a decline of 6.2% from the April 15th total of 53,427,187 shares. Currently, 7.7% of the shares of the company are short sold. Based on an average trading volume of 7,466,513 shares, the days-to-cover ratio is currently 6.7 days.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.11. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 47.4% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post $2.00 earnings per share for the current fiscal year.

Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.