Chesapeake Energy Corporation (CHK) Earns “Hold” Rating from BMO Capital Markets

Chesapeake Energy Corporation (NYSE:CHK)‘s stock had its “hold” rating restated by analysts at BMO Capital Markets in a research report issued to clients and investors on Monday, May 15th. They currently have a $6.00 price target on the oil and gas exploration company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 17.65% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Chesapeake Energy Corporation in a report on Thursday, March 23rd. They issued a “buy” rating and a $10.00 price target for the company. Wunderlich reiterated a “buy” rating and set a $10.00 target price on shares of Chesapeake Energy Corporation in a research report on Tuesday, January 24th. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Barclays PLC raised their price objective on shares of Chesapeake Energy Corporation from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Thursday, January 26th. Finally, SunTrust Banks, Inc. restated a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Saturday, January 21st. Three investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.25.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

Shares of Chesapeake Energy Corporation (NYSE CHK) traded up 2.00% during midday trading on Monday, hitting $5.10. 33,825,402 shares of the stock traded hands. Chesapeake Energy Corporation has a one year low of $3.93 and a one year high of $8.20. The stock’s market cap is $4.54 billion. The firm has a 50-day moving average price of $5.30 and a 200 day moving average price of $6.05. Chesapeake Energy Corporation also saw unusually large options trading activity on Tuesday. Stock investors acquired 25,261 put options on the company. This is an increase of 150% compared to the average daily volume of 10,086 put options.

Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned ($0.10) earnings per share. Analysts anticipate that Chesapeake Energy Corporation will post $0.85 earnings per share for the current year.

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In other news, Director R Brad Martin bought 20,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was acquired at an average price of $5.26 per share, with a total value of $105,200.00. Following the transaction, the director now owns 501,958 shares of the company’s stock, valued at approximately $2,640,299.08. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas L. Ryan bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of $5.00 per share, with a total value of $375,000.00. Following the transaction, the director now directly owns 440,355 shares in the company, valued at approximately $2,201,775. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CHK. Capstone Asset Management Co. increased its stake in Chesapeake Energy Corporation by 0.4% in the first quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock worth $237,000 after buying an additional 140 shares in the last quarter. Federated Investors Inc. PA boosted its position in Chesapeake Energy Corporation by 0.3% in the fourth quarter. Federated Investors Inc. PA now owns 88,887 shares of the oil and gas exploration company’s stock worth $624,000 after buying an additional 265 shares during the last quarter. Cleararc Capital Inc. boosted its position in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after buying an additional 508 shares during the last quarter. FMR LLC boosted its position in Chesapeake Energy Corporation by 0.3% in the first quarter. FMR LLC now owns 259,917 shares of the oil and gas exploration company’s stock worth $1,544,000 after buying an additional 667 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in Chesapeake Energy Corporation by 3.5% in the first quarter. Greenwich Wealth Management LLC now owns 26,186 shares of the oil and gas exploration company’s stock worth $156,000 after buying an additional 886 shares during the last quarter. 64.94% of the stock is owned by institutional investors and hedge funds.

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.

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