Chesapeake Energy Corporation (NYSE:CHK) had its target price lowered by Piper Jaffray Companies from $6.00 to $4.00 in a research report sent to investors on Monday morning. The brokerage currently has a neutral rating on the oil and gas exploration company’s stock.
CHK has been the topic of several other reports. Scotiabank set a $5.00 price target on shares of Chesapeake Energy Corporation and gave the stock a hold rating in a research report on Thursday, August 3rd. Vetr raised shares of Chesapeake Energy Corporation from a buy rating to a strong-buy rating and set a $5.23 price target on the stock in a research report on Monday, July 24th. Royal Bank Of Canada set a $7.00 price target on shares of Chesapeake Energy Corporation and gave the stock a hold rating in a research report on Monday, May 29th. BidaskClub cut shares of Chesapeake Energy Corporation from a hold rating to a sell rating in a research report on Thursday, July 27th. Finally, ValuEngine lowered shares of Chesapeake Energy Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $6.29.
Chesapeake Energy Corporation (CHK) opened at 4.19 on Monday. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The firm’s 50-day moving average is $3.99 and its 200 day moving average is $4.93. The firm’s market capitalization is $3.73 billion.
Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted ($0.14) EPS. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities analysts anticipate that Chesapeake Energy Corporation will post $0.74 EPS for the current year.
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In other Chesapeake Energy Corporation news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the transaction, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Cleararc Capital Inc. lifted its holdings in shares of Chesapeake Energy Corporation by 2.8% during the 1st quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock worth $111,000 after acquiring an additional 508 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth approximately $115,000. Advisory Services Network LLC lifted its holdings in shares of Chesapeake Energy Corporation by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after acquiring an additional 7,000 shares during the period. UBS Oconnor LLC bought a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth approximately $122,000. Finally, Gotham Asset Management LLC bought a new stake in shares of Chesapeake Energy Corporation during the 2nd quarter worth approximately $126,000. 64.46% of the stock is owned by institutional investors.
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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