Chesapeake Energy (CHK) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Energy in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CHK shares.
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11 brokers have issued 1 year target prices for Chesapeake Energy's shares. Their CHK share price forecasts range from $89.00 to $150.00. On average, they predict the company's stock price to reach $109.91 in the next year. This suggests a possible upside of 33.9% from the stock's current price.
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Chesapeake Energy's stock was trading at $94.37 at the start of the year. Since then, CHK stock has decreased by 13.0% and is now trading at $82.07.
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Chesapeake Energy saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 14,480,000 shares, an increase of 26.0% from the August 15th total of 11,490,000 shares. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is presently 8.3 days. Approximately 13.1% of the company's stock are sold short.
View Chesapeake Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CHK earnings forecast.

Chesapeake Energy Co. (NASDAQ:CHK) issued its earnings results on Tuesday, August, 1st. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The business earned $1.89 billion during the quarter, compared to the consensus estimate of $917.52 million. Chesapeake Energy had a trailing twelve-month return on equity of 18.92% and a net margin of 49.75%. During the same quarter in the prior year, the firm earned $4.87 EPS.

Chesapeake Energy announced a quarterly dividend on Tuesday, August 1st. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.575 per share on Wednesday, September 6th. This represents a $2.30 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, August 16th.
Read our dividend analysis for CHK.

ETFs with the largest weight of Chesapeake Energy (NASDAQ:CHK) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), First Trust Energy AlphaDEX Fund (FXN), Horizon Kinetics Energy and Remediation ETF (NVIR), First Trust Natural Gas ETF (FCG), Clough Long/Short Equity ETF (CBLS), Clough Select Equity ETF (CBSE), Global SuperDividend US ETF (DIV) and Amplify Natural Resources Dividend Income ETF (NDIV).

Chesapeake Energy (NASDAQ:CHK) pays an annual dividend of $2.30 per share and currently has a dividend yield of 2.74%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHK will have a dividend payout ratio of 40.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CHK.

Chesapeake Energy announced that its board has approved a share repurchase program on Wednesday, June 22nd 2022, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 20.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Chesapeake Energy trades on the NASDAQ under the ticker symbol "CHK."

Chesapeake Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital World Investors (7.34%), BlackRock Inc. (4.81%), Clearbridge Investments LLC (2.17%), Bank of New York Mellon Corp (2.10%), State Street Corp (1.75%) and Geode Capital Management LLC (1.40%). Insiders that own company stock include Domenic J Dell'osso Jr, Holdings LP Blackstone III, Joshua J Viets and Michael Wichterich.
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Shares of CHK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CHK stock can currently be purchased for approximately $82.07.

Chesapeake Energy (NASDAQ:CHK) has a market capitalization of $10.86 billion and generates $11.74 billion in revenue each year. The company earns $4.94 billion in net income (profit) each year or $42.45 on an earnings per share basis.

The company employs 1,200 workers across the globe.

Chesapeake Energy's mailing address is 6100 N WESTERN AVE, OKLAHOMA CITY OK, 73118. The official website for the company is www.chk.com. The company can be reached via phone at 405-848-8000 or via email at ir@chk.com.