Chesapeake Energy (CHK) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Energy in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CHK shares.
View CHK analyst ratings or view top-rated stocks.

13 Wall Street analysts have issued 1-year price targets for Chesapeake Energy's shares. Their CHK share price forecasts range from $82.00 to $150.00. On average, they expect the company's share price to reach $110.54 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
View analysts price targets for CHK or view top-rated stocks among Wall Street analysts.

Chesapeake Energy's stock was trading at $94.37 at the start of the year. Since then, CHK stock has decreased by 13.8% and is now trading at $81.38.
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Chesapeake Energy saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 8,140,000 shares, a drop of 5.0% from the April 30th total of 8,570,000 shares. Based on an average daily trading volume, of 1,540,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 7.3% of the shares of the company are sold short.
View Chesapeake Energy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CHK earnings forecast.

Chesapeake Energy Co. (NASDAQ:CHK) released its quarterly earnings results on Tuesday, May, 2nd. The company reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.32. The company earned $3.37 billion during the quarter, compared to the consensus estimate of $1.25 billion. Chesapeake Energy had a trailing twelve-month return on equity of 29.75% and a net margin of 50.00%. During the same quarter in the previous year, the company earned $3.09 earnings per share.

Chesapeake Energy announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Thursday, May 18th will be paid a dividend of $1.18 per share on Tuesday, June 6th. This represents a $4.72 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend is Wednesday, May 17th. This is a positive change from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for CHK.

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

Chesapeake Energy (NASDAQ:CHK) pays an annual dividend of $2.20 per share and currently has a dividend yield of 2.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CHK will have a dividend payout ratio of 29.57% 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 initiated a share repurchase program on Wednesday, June 22nd 2022, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 20.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its stock is undervalued.

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

Chesapeake Energy's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.03%), Wellington Management Group LLP (3.69%), Prudential Financial Inc. (2.18%), Kimmeridge Energy Management Company LLC (2.03%), Clearbridge Investments LLC (1.99%) and FMR LLC (1.88%). 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 $81.38.

Chesapeake Energy (NASDAQ:CHK) has a market capitalization of $10.89 billion and generates $11.74 billion in revenue each year. The company earns $4.94 billion in net income (profit) each year or $47.99 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.