Investment analysts at Credit Suisse Group began coverage on shares of Chesapeake Energy (NYSE:CHK) in a report released on Monday, December 11th, MarketBeat.com reports. The firm set an “underperform” rating and a $3.00 price target on the oil and gas exploration company’s stock. Credit Suisse Group’s target price would suggest a potential downside of 22.08% from the company’s previous close.
Several other analysts have also issued reports on CHK. Mizuho restated a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy in a research report on Friday, September 29th. BidaskClub lowered shares of Chesapeake Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets set a $3.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Imperial Capital began coverage on shares of Chesapeake Energy in a research report on Tuesday, September 19th. They set an “in-line” rating and a $5.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.25.
Chesapeake Energy (CHK) traded up $0.01 during trading on Monday, reaching $3.85. 20,147,379 shares of the company were exchanged, compared to its average volume of 24,690,000. Chesapeake Energy has a 1 year low of $3.41 and a 1 year high of $7.65. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. The firm has a market cap of $3,510.00, a price-to-earnings ratio of -6.64 and a beta of 2.16.
A number of hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its holdings in shares of Chesapeake Energy by 42.6% in 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 during the period. UBS Oconnor LLC acquired a new position in Chesapeake Energy in the 2nd quarter worth about $122,000. Gotham Asset Management LLC acquired a new position in Chesapeake Energy in the 2nd quarter worth about $126,000. HRT Financial LLC acquired a new position in Chesapeake Energy in the 2nd quarter worth about $131,000. Finally, Sapphire Star Partners LP acquired a new position in Chesapeake Energy in the 3rd quarter worth about $143,000. 63.98% of the stock is owned by hedge funds and other institutional investors.
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About Chesapeake Energy
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.
