Chesapeake Energy (NYSE:CHK) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Friday.

A number of other analysts have also recently issued reports on CHK. Citigroup cut their target price on shares of Chesapeake Energy from $5.00 to $2.00 and set a “sell” rating for the company in a research note on Monday, June 25th. Piper Jaffray Companies restated a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research note on Friday, July 20th. Zacks Investment Research upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Friday, July 20th. Bank of America upgraded shares of Chesapeake Energy from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $4.00 to $6.00 in a research note on Friday, July 27th. Finally, Stephens reaffirmed a “hold” rating and set a $6.00 price target on shares of Chesapeake Energy in a research report on Friday, July 27th. Eight research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $4.50.

NYSE CHK opened at $4.41 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of -5.17. The stock has a market cap of $3.77 billion, a PE ratio of 5.38, a P/E/G ratio of 0.46 and a beta of 1.86. Chesapeake Energy has a 52-week low of $2.53 and a 52-week high of $5.60.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Wednesday, August 1st. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Chesapeake Energy had a net margin of 6.16% and a negative return on equity of 46.15%. Chesapeake Energy’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. equities research analysts expect that Chesapeake Energy will post 0.81 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC increased its position in Chesapeake Energy by 0.6% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,795,200 shares of the oil and gas exploration company’s stock worth $32,602,000 after acquiring an additional 59,400 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Chesapeake Energy by 88.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 9,962,748 shares of the oil and gas exploration company’s stock valued at $52,205,000 after buying an additional 4,671,610 shares during the period. Bank of New York Mellon Corp increased its holdings in Chesapeake Energy by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,775,942 shares of the oil and gas exploration company’s stock valued at $51,227,000 after buying an additional 161,327 shares during the period. Dimensional Fund Advisors LP increased its holdings in Chesapeake Energy by 41.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,960,853 shares of the oil and gas exploration company’s stock valued at $46,954,000 after buying an additional 2,612,830 shares during the period. Finally, Millennium Management LLC bought a new position in Chesapeake Energy in the 1st quarter valued at about $25,979,000. 57.34% of the stock is currently owned by institutional investors and hedge funds.

About Chesapeake Energy

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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