Chesapeake Energy (NASDAQ:CHK) Hits New 52-Week High at $92.78

Chesapeake Energy Co. (NASDAQ:CHK - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $92.78 and last traded at $92.61, with a volume of 72016 shares traded. The stock had previously closed at $92.06.

Analyst Ratings Changes

Several research firms have recently weighed in on CHK. KeyCorp assumed coverage on shares of Chesapeake Energy in a research note on Thursday, April 4th. They issued a "sector weight" rating for the company. UBS Group lifted their price target on shares of Chesapeake Energy from $92.00 to $94.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Truist Financial cut their price objective on shares of Chesapeake Energy from $119.00 to $112.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Jefferies Financial Group decreased their target price on Chesapeake Energy from $118.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Finally, Barclays initiated coverage on Chesapeake Energy in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $102.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $104.73.

Chesapeake Energy Trading Up 1.0 %

The firm has a fifty day simple moving average of $86.18 and a two-hundred day simple moving average of $82.10. The stock has a market cap of $12.16 billion, a PE ratio of 5.52 and a beta of 0.52. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19.

Chesapeake Energy (NASDAQ:CHK - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.89. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $962.95 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same quarter last year, the firm posted $4.22 EPS. As a group, equities analysts expect that Chesapeake Energy Co. will post 1.76 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were issued a dividend of $0.575 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.47%. Chesapeake Energy's dividend payout ratio is 13.66%.

Hedge Funds Weigh In On Chesapeake Energy

A number of large investors have recently modified their holdings of the company. Principal Securities Inc. purchased a new position in Chesapeake Energy in the 4th quarter worth approximately $28,000. Lindbrook Capital LLC increased its stake in Chesapeake Energy by 90.8% in the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company's stock worth $33,000 after purchasing an additional 178 shares during the period. Gladius Capital Management LP purchased a new position in Chesapeake Energy in the 3rd quarter worth approximately $36,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Chesapeake Energy in the 1st quarter worth approximately $37,000. Finally, Adirondack Trust Co. purchased a new position in shares of Chesapeake Energy during the third quarter valued at approximately $43,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.