Brokerages Set Chesapeake Energy Co. (NASDAQ:CHK) Target Price at $103.58

Shares of Chesapeake Energy Co. (NASDAQ:CHK) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $103.58.

CHK has been the subject of several research reports. Mizuho reissued a “buy” rating and issued a $100.00 target price on shares of Chesapeake Energy in a report on Thursday, April 11th. Jefferies Financial Group reduced their price objective on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Scotiabank upped their price objective on Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. TheStreet downgraded Chesapeake Energy from a “b-” rating to a “c+” rating in a research note on Friday, December 29th. Finally, Truist Financial reduced their price objective on Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, April 5th.

Institutional Investors Weigh In On Chesapeake Energy

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI boosted its holdings in shares of Chesapeake Energy by 5.1% during the third quarter. National Bank of Canada FI now owns 15,856 shares of the company’s stock worth $1,377,000 after purchasing an additional 771 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Chesapeake Energy during the third quarter worth $621,000. DnB Asset Management AS boosted its holdings in shares of Chesapeake Energy by 326.5% during the third quarter. DnB Asset Management AS now owns 70,158 shares of the company’s stock worth $6,050,000 after purchasing an additional 53,707 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Chesapeake Energy by 452.2% during the third quarter. Wedge Capital Management L L P NC now owns 203,545 shares of the company’s stock worth $17,552,000 after purchasing an additional 166,685 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Chesapeake Energy by 11.1% during the third quarter. SG Americas Securities LLC now owns 2,399 shares of the company’s stock worth $207,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

Chesapeake Energy Trading Up 1.0 %

NASDAQ:CHK opened at $88.41 on Friday. The stock has a 50-day simple moving average of $84.83 and a 200-day simple moving average of $82.00. The stock has a market cap of $11.56 billion, a P/E ratio of 5.25 and a beta of 0.52. Chesapeake Energy has a 1 year low of $72.84 and a 1 year high of $91.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 1.99.

Chesapeake Energy (NASDAQ:CHK) last released its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $962.95 million. During the same period in the prior year, the firm posted $4.22 EPS. As a group, analysts anticipate that Chesapeake Energy will post 2.03 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 13.66%.

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.