Shares of Chesapeake Energy Corporation (NYSE:CHK) have been assigned a consensus rating of “Hold” from the twenty-six analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $5.80.

Several analysts recently commented on the company. Imperial Capital assumed coverage on Chesapeake Energy Corporation in a research note on Tuesday, September 19th. They set an “in-line” rating and a $5.00 price objective on the stock. ValuEngine raised Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Mizuho reaffirmed a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy Corporation in a research note on Friday, September 29th. Piper Jaffray Companies dropped their price objective on Chesapeake Energy Corporation from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Finally, Vetr downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 price objective on the stock. in a research note on Monday, July 31st.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHK. Vanguard Group Inc. raised its stake in shares of Chesapeake Energy Corporation by 19.3% in the 2nd quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock valued at $540,542,000 after purchasing an additional 17,615,861 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Chesapeake Energy Corporation in the 2nd quarter valued at about $26,111,000. State Street Corp raised its stake in shares of Chesapeake Energy Corporation by 9.1% in the 2nd quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after purchasing an additional 3,982,812 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Chesapeake Energy Corporation by 55.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,181,585 shares of the oil and gas exploration company’s stock valued at $26,581,000 after purchasing an additional 2,208,035 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Chesapeake Energy Corporation by 62.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,118,536 shares of the oil and gas exploration company’s stock valued at $25,439,000 after purchasing an additional 1,963,927 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chesapeake Energy Corporation (NYSE CHK) traded down $0.05 during trading on Friday, reaching $3.92. The company had a trading volume of 13,097,662 shares, compared to its average volume of 34,758,223. The firm has a market cap of $3,607.48, a P/E ratio of 6.62 and a beta of 2.15. Chesapeake Energy Corporation has a twelve month low of $3.41 and a twelve month high of $8.20. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Chesapeake Energy Corporation had a negative return on equity of 19.93% and a net margin of 2.77%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. equities research analysts predict that Chesapeake Energy Corporation will post 0.74 EPS for the current fiscal year.

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Chesapeake Energy Corporation Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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