Chesapeake Energy Co. (NASDAQ:CHK) Receives $99.92 Average Price Target from Analysts

Shares of Chesapeake Energy Co. (NASDAQ:CHK) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $99.92.

A number of research firms recently weighed in on CHK. KeyCorp assumed coverage on Chesapeake Energy in a research note on Thursday, June 27th. They issued a “sector weight” rating on the stock. Scotiabank dropped their price objective on shares of Chesapeake Energy from $110.00 to $105.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. Stephens lifted their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. UBS Group lowered their price target on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Finally, Truist Financial reduced their price objective on Chesapeake Energy from $108.00 to $96.00 and set a “buy” rating for the company in a report on Monday, September 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CHK. Aurora Investment Counsel increased its stake in Chesapeake Energy by 1.1% in the first quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock valued at $1,060,000 after acquiring an additional 135 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Chesapeake Energy by 1.3% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock valued at $1,142,000 after purchasing an additional 180 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Chesapeake Energy by 1.9% during the 2nd quarter. Toronto Dominion Bank now owns 10,205 shares of the company’s stock worth $839,000 after buying an additional 186 shares in the last quarter. CWM LLC lifted its position in shares of Chesapeake Energy by 22.9% during the 3rd quarter. CWM LLC now owns 1,149 shares of the company’s stock worth $94,000 after buying an additional 214 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in Chesapeake Energy by 32.4% in the first quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock valued at $80,000 after buying an additional 220 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Chesapeake Energy Stock Performance

Shares of CHK opened at $81.46 on Friday. The company has a market cap of $10.68 billion, a PE ratio of 10.98 and a beta of 0.47. The firm has a 50-day moving average of $75.32 and a 200-day moving average of $82.34. Chesapeake Energy has a one year low of $69.12 and a one year high of $93.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $505.00 million for the quarter, compared to the consensus estimate of $822.54 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The company’s revenue for the quarter was down 73.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. As a group, equities analysts forecast that Chesapeake Energy will post 1.43 earnings per share for the current year.

Chesapeake Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.82%. Chesapeake Energy’s payout ratio is 31.00%.

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.