Chesapeake Energy (NASDAQ:CHK - Get Free Report) had its price target lowered by Benchmark from $107.00 to $93.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's target price points to a potential upside of 3.44% from the stock's current price.
Several other equities research analysts have also commented on the company. Mizuho lowered their price objective on Chesapeake Energy from $104.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 6th. KeyCorp assumed coverage on Chesapeake Energy in a research report on Thursday, April 4th. They issued a "sector weight" rating on the stock. Johnson Rice lowered Chesapeake Energy from a "buy" rating to an "accumulate" rating in a research report on Thursday, December 14th. TheStreet lowered Chesapeake Energy from a "b-" rating to a "c+" rating in a research report on Friday, December 29th. Finally, StockNews.com lowered Chesapeake Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $101.56.
Get Our Latest Analysis on CHK
Chesapeake Energy Stock Performance
NASDAQ CHK traded down $0.28 during trading hours on Tuesday, reaching $89.91. The stock had a trading volume of 1,194,307 shares, compared to its average volume of 2,144,674. The stock has a fifty day moving average of $82.57 and a 200 day moving average of $81.71. The stock has a market cap of $11.76 billion, a P/E ratio of 5.30 and a beta of 0.52. Chesapeake Energy has a 52-week low of $72.84 and a 52-week high of $91.03. 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 issued its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.89. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $4.22 earnings per share. Sell-side analysts predict that Chesapeake Energy will post 3.01 earnings per share for the current year.
Institutional Trading of Chesapeake Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Deutsche Bank AG grew its holdings in shares of Chesapeake Energy by 14.7% during the 3rd quarter. Deutsche Bank AG now owns 261,978 shares of the company's stock worth $22,590,000 after purchasing an additional 33,660 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Chesapeake Energy by 204.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,925 shares of the company's stock worth $1,717,000 after purchasing an additional 13,370 shares during the period. Townsquare Capital LLC grew its holdings in shares of Chesapeake Energy by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company's stock worth $1,130,000 after purchasing an additional 816 shares during the period. Yousif Capital Management LLC purchased a new position in shares of Chesapeake Energy during the 3rd quarter worth $4,510,000. Finally, Cottage Street Advisors LLC purchased a new position in shares of Chesapeake Energy during the 3rd quarter worth $1,693,000. 97.93% of the stock is owned by institutional investors and hedge funds.
Chesapeake Energy Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Chesapeake Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chesapeake Energy wasn't on the list.
While Chesapeake Energy currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
