Chesapeake Energy Corporation (CHK) Stock Rating Reaffirmed by Scotiabank
Chesapeake Energy Corporation (NYSE:CHK)‘s stock had its “hold” rating restated by equities research analysts at Scotiabank in a note issued to investors on Friday. They presently have a $5.00 price target on the oil and gas exploration company’s stock. Scotiabank’s price objective suggests a potential upside of 33.69% from the stock’s current price.
A number of other analysts have also recently weighed in on CHK. Citigroup Inc cut their price objective on shares of Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, July 21st. Jefferies Group LLC cut shares of Chesapeake Energy Corporation from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $4.00 to $2.00 in a report on Monday, October 9th. Tudor Pickering cut shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and raised their price objective for the stock from $3.76 to $4.00 in a report on Tuesday, September 5th. Piper Jaffray Companies set a $4.00 price objective on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, Vetr raised shares of Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price objective on the stock in a report on Monday, July 24th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $5.84.
Shares of Chesapeake Energy Corporation (NYSE CHK) opened at $3.74 on Friday. The company has a debt-to-equity ratio of -4.17, a quick ratio of 0.58 and a current ratio of 0.53. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 6.10 and a beta of 2.15.
Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Chesapeake Energy Corporation had a net margin of 2.77% and a negative return on equity of 19.93%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. research analysts predict that Chesapeake Energy Corporation will post 0.72 earnings per share for the current fiscal year.
In related news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the transaction, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. purchased a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth $115,000. Advisory Services Network LLC boosted its position in shares of Chesapeake Energy Corporation by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after purchasing an additional 7,000 shares in the last quarter. UBS Oconnor LLC purchased a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth $122,000. Gotham Asset Management LLC purchased a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth $126,000. Finally, HRT Financial LLC purchased a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth $131,000. Institutional investors own 64.61% of the company’s stock.
Chesapeake Energy Corporation Company Profile
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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