Chesapeake Energy (NYSE: CHK)‘s stock had its “hold” rating reiterated by investment analysts at TheStreet in a note issued to investors on Tuesday.
The analysts wrote, “Chesapeake Energy (CHK) has been reiterated by TheStreet Ratings as a hold with a ratings score of C- . The company’s strengths can be seen in multiple areas, such as its revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.”
Shares of Chesapeake Energy (NYSE: CHK) traded down 4.67% during mid-day trading on Tuesday, hitting $21.135. Chesapeake Energy has a one year low of $13.32 and a one year high of $26.09. The stock’s 50-day moving average is currently $20.39. The company’s market cap is $13.641 billion.
Chesapeake Energy (NYSE: CHK) last released its earnings data on Thursday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post $1.23 earnings per share for the current fiscal year.
A number of other firms have also recently commented on CHK. Analysts at Sterne Agee downgraded shares of Chesapeake Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $20.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chesapeake Energy in a research note to investors on Tuesday, March 12th. They now have a $23.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Chesapeake Energy in a research note to investors on Wednesday, March 6th. They now have a $26.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and six have given a buy rating to the stock. Chesapeake Energy has an average rating of “Hold” and a consensus target price of $22.52.
Chesapeake Energy Corporation (NYSE: CHK) is a natural gas and oil exploration and production company.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.