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 year. 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.
View CHK analyst ratings or view top-rated stocks.

11 brokerages have issued 12-month price objectives for Chesapeake Energy's stock. Their CHK share price forecasts range from $89.00 to $150.00. On average, they expect the company's stock price to reach $109.91 in the next twelve months. This suggests a possible upside of 32.1% 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 beginning of 2023. Since then, CHK shares have decreased by 11.8% and is now trading at $83.19.
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Chesapeake Energy saw a increase in short interest during 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 volume of 1,740,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 13.1% of the shares of the company are short sold.
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) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm earned $1.89 billion during the quarter, compared to analyst estimates 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 business posted $4.87 EPS.

Chesapeake Energy declared 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 yield of 2.76%. 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 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 2.80%. 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 plan on Wednesday, June 22nd 2022, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 20.6% of its stock through open market purchases. Stock repurchase plans are usually 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 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 $83.19.

Chesapeake Energy (NASDAQ:CHK) has a market capitalization of $11.01 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.