Chesapeake Energy Given New $35.00 Price Target at FBR Capital Markets (CHK)
FBR Capital Markets hoisted their price target on shares of Chesapeake Energy (NYSE:CHK) from $25.00 to $35.00 in a research note issued on Thursday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective indicates a potential upside of 19.66% from the stock’s previous close.
A number of other firms have also recently commented on CHK. Analysts at Zacks reiterated a “neutral” rating on shares of Chesapeake Energy in a research note on Monday. They now have a $32.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Chesapeake Energy in a research note on Wednesday, June 11th. They now have a $31.00 price target on the stock, up previously from $30.00. Finally, analysts at Oppenheimer raised their price target on shares of Chesapeake Energy from $30.00 to $35.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.68.
Shares of Chesapeake Energy (NYSE:CHK) opened at 29.25 on Thursday. Chesapeake Energy has a one year low of $19.7351 and a one year high of $29.92. The stock has a 50-day moving average of $28.0 and a 200-day moving average of $25.86. The company has a market cap of $18.980 billion and a P/E ratio of 22.99.
Chesapeake Energy (NYSE:CHK) last released its earnings data on Wednesday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.30 earnings per share. Chesapeake Energy’s revenue was up 47.4% compared to the same quarter last year. Analysts expect that Chesapeake Energy will post $2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.20%.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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