Chesapeake Energy Corp. (NYSE:CHK)‘s stock had its “buy” rating reiterated by equities researchers at Wunderlich in a report issued on Saturday. They currently have a $10.00 target price on the oil and gas exploration company’s stock. Wunderlich’s target price would indicate a potential upside of 57.48% from the stock’s previous close.

CHK has been the topic of several other reports. Barclays PLC set a $3.00 price objective on shares of Chesapeake Energy Corp. and gave the stock an “underweight” rating in a report on Tuesday, August 16th. FBR & Co assumed coverage on shares of Chesapeake Energy Corp. in a report on Tuesday, September 13th. They set an “underperform” rating and a $5.00 price objective on the stock. Vetr lowered shares of Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $7.06 price objective on the stock. in a report on Monday, August 29th. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a report on Tuesday, July 5th. Finally, Jefferies Group increased their price objective on shares of Chesapeake Energy Corp. from $3.00 to $4.00 and gave the stock an “underperform” rating in a report on Friday, August 5th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.57.

Analyst Recommendations for Chesapeake Energy Corp. (NYSE:CHK)

Chesapeake Energy Corp. (NYSE:CHK) opened at 6.35 on Friday. The firm’s 50-day moving average is $6.69 and its 200 day moving average is $5.27. Chesapeake Energy Corp. has a 12-month low of $1.50 and a 12-month high of $8.87. The firm’s market cap is $4.87 billion.

Chesapeake Energy Corp. (NYSE:CHK) last released its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. Chesapeake Energy Corp. had a negative return on equity of 16.16% and a negative net margin of 104.29%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the prior year, the business earned ($0.11) earnings per share. Chesapeake Energy Corp.’s revenue for the quarter was down 53.9% on a year-over-year basis. Equities research analysts predict that Chesapeake Energy Corp. will post ($0.21) EPS for the current year.

In other Chesapeake Energy Corp. news, Director Archie W. Dunham purchased 1,000,000 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were purchased at an average cost of $6.67 per share, for a total transaction of $6,670,000.00. Following the completion of the transaction, the director now owns 4,127,951 shares in the company, valued at $27,533,433.17. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas L. Ryan purchased 50,000 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was acquired at an average price of $5.59 per share, for a total transaction of $279,500.00. Following the completion of the transaction, the director now owns 246,269 shares of the company’s stock, valued at approximately $1,376,643.71. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Large investors have recently modified their holdings of the company. Quotient Investors LLC acquired a new stake in shares of Chesapeake Energy Corp. during the second quarter valued at approximately $2,034,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Chesapeake Energy Corp. by 14.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 499,601 shares of the oil and gas exploration company’s stock valued at $2,139,000 after buying an additional 63,014 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in shares of Chesapeake Energy Corp. by 20.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 151,386 shares of the oil and gas exploration company’s stock valued at $648,000 after buying an additional 25,407 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Chesapeake Energy Corp. during the first quarter valued at approximately $149,000. Finally, A.R.T. Advisors LLC boosted its stake in shares of Chesapeake Energy Corp. by 17.2% in the first quarter. A.R.T. Advisors LLC now owns 673,269 shares of the oil and gas exploration company’s stock valued at $2,773,000 after buying an additional 98,997 shares during the period. Hedge funds and other institutional investors own 63.89% of the company’s stock.

Chesapeake Energy Corp. Company Profile

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

5 Day Chart for NYSE:CHK

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