Chesapeake Energy (NYSE:CHK) was downgraded by Mizuho from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a $8.00 price objective on the oil and gas exploration company’s stock, up from their previous price objective of $4.28. Mizuho’s target price would suggest a potential upside of 95.60% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 9th. SunTrust Banks reissued a “buy” rating and set a $6.00 price objective on shares of Chesapeake Energy in a research report on Wednesday, January 3rd. ValuEngine cut Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Credit Suisse Group began coverage on Chesapeake Energy in a research report on Monday, December 11th. They set an “underperform” rating and a $3.00 price objective for the company. Finally, Scotiabank set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Energy currently has a consensus rating of “Hold” and a consensus price target of $5.29.

Shares of Chesapeake Energy (CHK) traded down $0.05 during trading hours on Tuesday, hitting $4.09. The company’s stock had a trading volume of 33,307,800 shares, compared to its average volume of 35,344,000. Chesapeake Energy has a 12 month low of $3.41 and a 12 month high of $7.29. The firm has a market capitalization of $3,640.00, a PE ratio of -7.05 and a beta of 2.16. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The business had revenue of $979.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. The firm’s revenue was down 16.8% compared to the same quarter last year. equities analysts forecast that Chesapeake Energy will post 0.76 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Chesapeake Energy by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after acquiring an additional 164 shares in the last quarter. Private Advisor Group LLC raised its holdings in Chesapeake Energy by 3.2% in the 2nd quarter. Private Advisor Group LLC now owns 38,263 shares of the oil and gas exploration company’s stock valued at $178,000 after acquiring an additional 1,195 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in Chesapeake Energy by 4.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,015 shares of the oil and gas exploration company’s stock valued at $149,000 after acquiring an additional 1,200 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Chesapeake Energy by 1.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 93,990 shares of the oil and gas exploration company’s stock valued at $467,000 after acquiring an additional 1,634 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Chesapeake Energy by 8.2% in the 2nd quarter. M&T Bank Corp now owns 39,420 shares of the oil and gas exploration company’s stock valued at $195,000 after acquiring an additional 3,001 shares in the last quarter. 63.89% of the stock is owned by hedge funds and other institutional investors.

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About Chesapeake Energy

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 (NYSE:CHK)

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