Chesapeake Energy (NASDAQ:CHK) Upgraded at Roth Capital

Chesapeake Energy (NASDAQ:CHK) was upgraded by research analysts at Roth Capital to a “strong-buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

Several other analysts have also weighed in on CHK. Wolfe Research started coverage on Chesapeake Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $110.00 price objective for the company. Mizuho reduced their target price on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Stephens upped their target price on Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. UBS Group reduced their target price on Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Finally, Roth Mkm started coverage on Chesapeake Energy in a report on Friday. They set a “buy” rating and a $92.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Chesapeake Energy Trading Up 2.9 %

Shares of Chesapeake Energy stock opened at $82.60 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 11.13 and a beta of 0.46. The business has a fifty day simple moving average of $74.43 and a 200-day simple moving average of $82.64. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The company’s quarterly revenue was down 73.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. On average, equities analysts forecast that Chesapeake Energy will post 1.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Chesapeake Energy

Several hedge funds have recently bought and sold shares of CHK. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chesapeake Energy by 233.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,059,644 shares of the company’s stock valued at $804,769,000 after buying an additional 6,338,963 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Chesapeake Energy by 7.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,119,498 shares of the company’s stock valued at $338,582,000 after buying an additional 292,586 shares during the last quarter. Kimmeridge Energy Management Company LLC lifted its holdings in shares of Chesapeake Energy by 28.8% during the 2nd quarter. Kimmeridge Energy Management Company LLC now owns 3,694,879 shares of the company’s stock valued at $303,682,000 after buying an additional 827,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Chesapeake Energy by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,333,769 shares of the company’s stock valued at $274,005,000 after buying an additional 510,664 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Chesapeake Energy by 13.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 2,599,352 shares of the company’s stock valued at $230,900,000 after buying an additional 307,814 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile

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.