Truist Financial has raised the price objective for Chesapeake Energy from $100.00 to $110.00, according to a research report published by Marketbeat Ratings. The brokerage has maintained a buy rating on the stock.
Several other equities research analysts have also provided their opinion on Chesapeake Energy. Benchmark reduced their price target on the stock from $107.00 to $93.00 and reaffirmed a buy rating in a research report. StockNews.com initiated coverage on Chesapeake Energy with a hold rating. UBS Group increased their price target from $102.00 to $106.00 and gave the stock a buy rating. Wells Fargo & Company increased their target price from $85.00 to $89.00 and assigned an equal weight rating. JPMorgan Chase & Co. downgraded the stock from overweight to neutral and lowered their target price to $96.00.
Chesapeake Energy opened at $87.25 on Monday, with a 12-month low of $69.68 and a 12-month high of $107.31. The stock has a 50-day simple moving average of $85.04 and a two-hundred day simple moving average of $81.73. It has a quick ratio of 1.34, a current ratio of 1.34, and a debt-to-equity ratio of 0.20. The company has a market cap of $11.55 billion, a PE ratio of 2.06, and a beta of 0.66.
In its latest quarterly earnings results, Chesapeake Energy reported earnings per share of $0.64, beating analysts’ consensus estimates of $0.54. The company had a return on equity of 18.92% and a net margin of 49.75%. It generated $1.89 billion in revenue for the quarter, surpassing analyst estimates of $917.52 million. Chesapeake Energy is expected to post earnings per share of 4.18 for the current fiscal year.
Furthermore, the company recently declared a quarterly dividend of $0.575 per share, representing an annualized dividend of $2.30 and yielding 2.64%. Chesapeake Energy’s dividend payout ratio is currently 5.42%.
A number of institutional investors have recently increased or decreased their stakes in CHK. Vanguard Group Inc., Wellington Management Group LLP, Prudential Financial Inc., Clearbridge Investments LLC, and Bank of New York Mellon Corp are some of the institutional investors and hedge funds that own a significant portion of Chesapeake Energy stock.
Chesapeake Energy Corporation is an independent exploration and production company engaged 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 Pennsylvania and the Haynesville/Bossier Shales in Louisiana.
Sources:
– Marketbeat Ratings
– Benchmark
– StockNews.com
– UBS Group
– Wells Fargo & Company
– JPMorgan Chase & Co.
– MarketBeat
– Vanguard Group Inc.
– Wellington Management Group LLP
– Prudential Financial Inc.
– Clearbridge Investments LLC
– Bank of New York Mellon Corp
Source: claytoncountyregister.com
