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Chesapeake Energy (CHK) Stock Forecast & Price Target

$81.01
-0.33 (-0.41%)
(As of 07/19/2024 ET)

Chesapeake Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 14 Wall Street analysts who have issued ratings for Chesapeake Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for CHK.

Consensus Price Target

$106.92
31.99% Upside
High Forecast$147.00
Average Forecast$106.92
Low Forecast$88.00

According to the 14 analysts' twelve-month price targets for Chesapeake Energy, the average price target is $106.92. The highest price target for CHK is $147.00, while the lowest price target for CHK is $88.00. The average price target represents a forecasted upside of 31.99% from the current price of $81.01.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
9 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$106.92$106.67$103.58$110.77
Forecasted Upside31.99% Upside23.02% Upside19.82% Upside31.13% Upside
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CHK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CHK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Chesapeake Energy Stock vs. The Competition

TypeChesapeake EnergyOils/Energy CompaniesS&P 500
Consensus Rating Score
2.50
2.57
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside31.99% Upside344.37% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/18/2024Wolfe Research
3 of 5 stars
D. Leggate
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Initiated CoverageOutperform$110.00+34.06%
6/27/2024KeyCorp
4 of 5 stars
 Initiated CoverageSector Weight
5/13/2024Mizuho
2 of 5 stars
 Boost TargetBuy ➝ Buy$101.00 ➝ $111.00+25.92%
5/2/2024Benchmark
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 Lower TargetBuy ➝ Buy$107.00 ➝ $93.00+7.71%
5/1/2024Stephens
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 Boost TargetEqual Weight ➝ Equal Weight$116.00 ➝ $117.00+30.17%
4/11/2024Scotiabank
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 Boost TargetSector Perform ➝ Sector Perform$92.00 ➝ $110.00+25.03%
4/10/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$92.00 ➝ $94.00+5.37%
4/10/2024Barclays
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 Initiated CoverageEqual Weight$102.00+13.45%
4/10/2024Jefferies Financial Group
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 Lower TargetBuy ➝ Buy$118.00 ➝ $115.00+27.91%
4/5/2024Truist Financial
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 Lower TargetBuy ➝ Buy$119.00 ➝ $112.00+25.36%
1/12/2024Citigroup
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 UpgradeNeutral ➝ Buy$82.00 ➝ $95.00+19.32%
12/14/2023Johnson Rice
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 DowngradeBuy ➝ Accumulate
11/22/2023Wells Fargo & Company
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 Lower TargetEqual Weight ➝ Equal Weight$89.00 ➝ $88.00+6.85%
9/27/2023Bank of America
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 Boost Target$144.00 ➝ $147.00+76.94%
8/16/2023JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral$97.00 ➝ $96.00+15.84%
3/16/2023Royal Bank of Canada
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 Reiterated RatingOutperform$125.00+70.65%
1/19/2023Credit Suisse Group
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 Lower TargetOutperform$135.00 ➝ $130.00+46.36%
8/22/2022The Goldman Sachs Group
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 Boost TargetBuy$106.00 ➝ $117.00+21.46%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:41 PM ET.

CHK Forecast - Frequently Asked Questions

What is Chesapeake Energy's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Chesapeake Energy is $106.92, with a high forecast of $147.00 and a low forecast of $88.00.

Should I buy or sell Chesapeake Energy stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chesapeake Energy in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CHK shares.

Does Chesapeake Energy's stock price have much upside?

According to analysts, Chesapeake Energy's stock has a predicted upside of 23.85% based on their 12-month stock forecasts.

What analysts cover Chesapeake Energy?

Chesapeake Energy has been rated by research analysts at Benchmark, KeyCorp, Mizuho, Stephens, and Wolfe Research in the past 90 days.

Do Wall Street analysts like Chesapeake Energy more than its competitors?

Analysts like Chesapeake Energy less than other "oils/energy" companies. The consensus rating score for Chesapeake Energy is 2.50 while the average consensus rating score for "oils/energy" companies is 2.57. Learn more on how CHK compares to other companies.


This page (NASDAQ:CHK) was last updated on 7/20/2024 by MarketBeat.com Staff

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