Chesapeake Energy (NASDAQ:CHK - Get Free Report) had its price objective cut by research analysts at Benchmark from $107.00 to $93.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's price objective would indicate a potential upside of 7.16% from the company's previous close.
Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group dropped their target price on shares of Chesapeake Energy from $118.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, April 10th. KeyCorp assumed coverage on shares of Chesapeake Energy in a report on Thursday, April 4th. They set a "sector weight" rating for the company. UBS Group upped their target price on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Wednesday, April 10th. Citigroup raised shares of Chesapeake Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $82.00 to $95.00 in a report on Friday, January 12th. Finally, Stephens upped their target price on shares of Chesapeake Energy from $116.00 to $117.00 and gave the stock an "equal weight" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $105.83.
Get Our Latest Analysis on Chesapeake Energy
Chesapeake Energy Price Performance
NASDAQ CHK traded up $0.11 on Thursday, hitting $86.79. The company had a trading volume of 2,047,889 shares, compared to its average volume of 2,056,053. The company has a market capitalization of $11.35 billion, a PE ratio of 11.70 and a beta of 0.51. The company's fifty day moving average price is $86.49 and its 200-day moving average price is $82.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99. Chesapeake Energy has a 12-month low of $72.84 and a 12-month high of $93.58.
Chesapeake Energy (NASDAQ:CHK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.08). Chesapeake Energy had a return on equity of 4.89% and a net margin of 16.42%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $674.99 million. During the same period in the previous year, the firm posted $1.87 EPS. As a group, analysts predict that Chesapeake Energy will post 1.76 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of CHK. SG Americas Securities LLC lifted its position in Chesapeake Energy by 11.1% in the third quarter. SG Americas Securities LLC now owns 2,399 shares of the company's stock valued at $207,000 after buying an additional 239 shares during the last quarter. Xponance Inc. lifted its position in shares of Chesapeake Energy by 215.0% during the third quarter. Xponance Inc. now owns 14,072 shares of the company's stock worth $1,213,000 after purchasing an additional 9,604 shares in the last quarter. Raymond James & Associates lifted its position in shares of Chesapeake Energy by 3.3% during the third quarter. Raymond James & Associates now owns 185,535 shares of the company's stock worth $15,999,000 after purchasing an additional 5,857 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Chesapeake Energy by 4.8% during the third quarter. Stratos Wealth Partners LTD. now owns 3,607 shares of the company's stock worth $311,000 after purchasing an additional 165 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Chesapeake Energy by 15.2% during the third quarter. Bank of New York Mellon Corp now owns 3,235,870 shares of the company's stock worth $279,029,000 after purchasing an additional 427,181 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company's stock.
About Chesapeake Energy
(
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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.
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