Chesapeake Energy (NASDAQ:CHK) Research Coverage Started at Mizuho

Mizuho started coverage on shares of Chesapeake Energy (NASDAQ:CHKGet Rating) in a research note released on Monday, The Fly reports. The brokerage issued a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group started coverage on shares of Chesapeake Energy in a research note on Wednesday, October 19th. They issued a buy rating and a $150.00 price objective on the stock. Royal Bank of Canada raised their price objective on shares of Chesapeake Energy from $120.00 to $130.00 and gave the company an outperform rating in a research note on Wednesday, November 2nd. Finally, StockNews.com started coverage on shares of Chesapeake Energy in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $115.82.

Chesapeake Energy Price Performance

CHK opened at $89.19 on Monday. Chesapeake Energy has a one year low of $61.45 and a one year high of $107.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.49. The firm’s 50 day moving average is $97.88. The company has a market capitalization of $11.95 billion, a PE ratio of 4.65 and a beta of 0.79.

Chesapeake Energy (NASDAQ:CHKGet Rating) last released its quarterly earnings results on Tuesday, November 1st. The company reported $5.06 EPS for the quarter, beating the consensus estimate of $4.48 by $0.58. Chesapeake Energy had a net margin of 26.07% and a return on equity of 37.97%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, analysts anticipate that Chesapeake Energy will post 16.51 EPS for the current year.

Chesapeake Energy Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were issued a dividend of $3.16 per share. This represents a dividend yield of 2.1%. This is a positive change from Chesapeake Energy’s previous None dividend of $2.32. The ex-dividend date of this dividend was Monday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 11.46%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Chesapeake Energy by 15.7% in the first quarter. Vanguard Group Inc. now owns 11,196,852 shares of the company’s stock valued at $974,127,000 after purchasing an additional 1,517,281 shares in the last quarter. Wellington Management Group LLP grew its position in Chesapeake Energy by 0.7% in the first quarter. Wellington Management Group LLP now owns 4,649,011 shares of the company’s stock valued at $404,465,000 after purchasing an additional 33,353 shares in the last quarter. Kimmeridge Energy Management Company LLC grew its position in Chesapeake Energy by 16.7% in the third quarter. Kimmeridge Energy Management Company LLC now owns 2,564,693 shares of the company’s stock valued at $241,620,000 after purchasing an additional 367,733 shares in the last quarter. Clearbridge Investments LLC grew its position in Chesapeake Energy by 48.7% in the second quarter. Clearbridge Investments LLC now owns 2,077,619 shares of the company’s stock valued at $168,495,000 after purchasing an additional 680,875 shares in the last quarter. Finally, Scout Investments Inc. grew its position in Chesapeake Energy by 79.1% in the second quarter. Scout Investments Inc. now owns 1,987,803 shares of the company’s stock valued at $161,211,000 after purchasing an additional 878,120 shares in the last quarter.

Chesapeake Energy Company Profile

(Get Rating)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. 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; and the liquids-rich resource play in the Eagle Ford Shale in South Texas.

Further Reading

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Analyst Recommendations for Chesapeake Energy (NASDAQ:CHK)

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