Chesapeake Energy (NASDAQ:CHK – Get Free Report) had its target price hoisted by stock analysts at Truist Financial from $100.00 to $102.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 19.48% from the stock’s previous close.
Several other brokerages also recently weighed in on CHK. Benchmark reduced their target price on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday. TheStreet raised Chesapeake Energy from a “c+” rating to a “b-” rating in a report on Tuesday, May 9th. UBS Group began coverage on Chesapeake Energy in a research report on Wednesday, April 19th. They set a “buy” rating and a $101.00 target price on the stock. StockNews.com upgraded Chesapeake Energy from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Stephens started coverage on Chesapeake Energy in a report on Monday, April 24th. They set an “equal weight” rating and a $91.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Chesapeake Energy has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.
Chesapeake Energy Stock Up 1.6 %
Shares of NASDAQ CHK opened at $85.37 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 12 month low of $69.68 and a 12 month high of $107.31. The firm has a market capitalization of $11.43 billion, a PE ratio of 2.01, a price-to-earnings-growth ratio of 0.86 and a beta of 0.67. The firm has a fifty day simple moving average of $82.28 and a two-hundred day simple moving average of $79.59.
Chesapeake Energy (NASDAQ:CHK – Get Free Report) last released its earnings results on Tuesday, August 1st. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. Chesapeake Energy had a net margin of 49.75% and a return on equity of 19.92%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $917.52 million. During the same quarter last year, the business earned $4.87 EPS. Equities analysts expect that Chesapeake Energy will post 4.03 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Comerica Bank boosted its holdings in Chesapeake Energy by 2.0% in the 4th quarter. Comerica Bank now owns 6,487 shares of the company’s stock worth $587,000 after acquiring an additional 128 shares during the period. Stonegate Investment Group LLC grew its stake in Chesapeake Energy by 5.1% during the 1st quarter. Stonegate Investment Group LLC now owns 3,201 shares of the company’s stock worth $243,000 after buying an additional 156 shares during the last quarter. AAFMAA Wealth Management & Trust LLC grew its stake in Chesapeake Energy by 4.5% during the 2nd quarter. AAFMAA Wealth Management & Trust LLC now owns 4,061 shares of the company’s stock worth $340,000 after buying an additional 174 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Chesapeake Energy by 3.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,158 shares of the company’s stock worth $487,000 after buying an additional 175 shares during the last quarter. Finally, Regent Investment Management LLC boosted its stake in Chesapeake Energy by 2.3% during the fourth quarter. Regent Investment Management LLC now owns 8,145 shares of the company’s stock valued at $769,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. 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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