UBS Group Raises Chesapeake Energy (NASDAQ:CHK) Price Target to $94.00

Chesapeake Energy (NASDAQ:CHK - Get Free Report) had its target price increased by stock analysts at UBS Group from $92.00 to $94.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 4.44% from the company's current price.

CHK has been the topic of a number of other research reports. Jefferies Financial Group cut their price target on shares of Chesapeake Energy from $118.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday. Citigroup upgraded shares of Chesapeake Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $82.00 to $95.00 in a report on Friday, January 12th. Truist Financial cut their price target on shares of Chesapeake Energy from $119.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, April 5th. StockNews.com lowered shares of Chesapeake Energy from a "hold" rating to a "sell" rating in a report on Tuesday, December 19th. Finally, Johnson Rice lowered shares of Chesapeake Energy from a "buy" rating to an "accumulate" rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of "Hold" and a consensus target price of $103.00.

Chesapeake Energy Price Performance

Shares of CHK stock traded up $0.09 during midday trading on Wednesday, reaching $90.00. 1,395,231 shares of the company were exchanged, compared to its average volume of 2,133,812. Chesapeake Energy has a 12 month low of $72.84 and a 12 month high of $91.03. The company has a market cap of $11.77 billion, a P/E ratio of 5.34 and a beta of 0.52. The company's 50 day moving average price is $83.04 and its two-hundred day moving average price is $81.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 1.99.

Chesapeake Energy (NASDAQ:CHK - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $962.95 million. During the same period in the previous year, the firm earned $4.22 EPS. On average, sell-side analysts expect that Chesapeake Energy will post 3.01 earnings per share for the current year.

Institutional Trading of Chesapeake Energy

Several large investors have recently modified their holdings of CHK. Belpointe Asset Management LLC raised its stake in Chesapeake Energy by 478.3% during the 1st quarter. Belpointe Asset Management LLC now owns 347 shares of the company's stock valued at $26,000 after purchasing an additional 287 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Chesapeake Energy by 132.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 362 shares of the company's stock valued at $30,000 after purchasing an additional 206 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in Chesapeake Energy during the 1st quarter valued at $32,000. Principal Securities Inc. acquired a new position in Chesapeake Energy during the 4th quarter valued at $28,000. Finally, Gladius Capital Management LP acquired a new position in Chesapeake Energy during the 3rd quarter valued at $36,000. 97.93% of the stock is owned by institutional investors.

About Chesapeake Energy

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.