Chesapeake Energy (CHK) – Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Chesapeake Energy (NASDAQ: CHK) recently:

• 4/11/2024 – Chesapeake Energy had its price target raised by analysts at Scotiabank from $92.00 to $110.00. They now have a “sector perform” rating on the stock.
• 4/11/2024 – Chesapeake Energy had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $100.00 price target on the stock.
• 4/10/2024 – Chesapeake Energy had its price target raised by analysts at UBS Group AG from $92.00 to $94.00. They now have a “neutral” rating on the stock.
• 4/10/2024 – Chesapeake Energy is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $102.00 price target on the stock.
• 4/10/2024 – Chesapeake Energy had its price target lowered by analysts at Jefferies Financial Group Inc. from $118.00 to $115.00. They now have a “buy” rating on the stock.
• 4/9/2024 – Chesapeake Energy had its price target lowered by analysts at Benchmark Co. from $107.00 to $93.00. They now have a “buy” rating on the stock.
• 4/5/2024 – Chesapeake Energy had its price target lowered by analysts at Truist Financial Co. from $119.00 to $112.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Chesapeake Energy is now covered by analysts at KeyCorp. They set a “sector weight” rating on the stock.
• 3/6/2024 – Chesapeake Energy had its price target lowered by analysts at Mizuho from $104.00 to $100.00. They now have a “buy” rating on the stock.

Chesapeake Energy Price Performance

CHK stock opened at $89.88 on Wednesday. The business’s 50-day moving average is $86.43 and its two-hundred day moving average is $82.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market capitalization of $11.76 billion, a P/E ratio of 5.34 and a beta of 0.52. Chesapeake Energy Co. has a 1 year low of $72.84 and a 1 year high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last posted its earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.42 by $0.89. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $962.95 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same quarter in the prior year, the company posted $4.22 earnings per share. Analysts anticipate that Chesapeake Energy Co. will post 1.76 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were given a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is 13.66%.

Hedge Funds Weigh In On Chesapeake Energy

A number of institutional investors have recently modified their holdings of CHK. Principal Securities Inc. acquired a new position in shares of Chesapeake Energy in the fourth quarter valued at approximately $28,000. Lindbrook Capital LLC grew its position in Chesapeake Energy by 90.8% in the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after buying an additional 178 shares during the last quarter. Gladius Capital Management LP purchased a new position in Chesapeake Energy in the 3rd quarter valued at $36,000. Allspring Global Investments Holdings LLC acquired a new position in Chesapeake Energy in the 1st quarter valued at $37,000. Finally, Adirondack Trust Co. purchased a new position in Chesapeake Energy during the 3rd quarter worth $43,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.