Stock analysts at SunTrust raised their target price on shares of Chesapeake Energy Corp. (NYSE:CHK) from $19.00 to $28.00 in a report issued on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. SunTrust’s target price suggests a potential upside of 9.59% from the company’s current price.
Shares of Chesapeake Energy Corp. (NYSE:CHK) traded down 0.54% during mid-day trading on Tuesday, hitting $25.55. The stock had a trading volume of 8,188,176 shares. Chesapeake Energy Corp. has a 52-week low of $16.23 and a 52-week high of $29.06. The stock has a 50-day moving average of $26.98 and a 200-day moving average of $23.82. The company has a market cap of $16.561 billion and a price-to-earnings ratio of 18.90.
Chesapeake Energy Corp. (NYSE:CHK) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.43. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 63.9% on a year-over-year basis. On average, analysts predict that Chesapeake Energy Corp. will post $1.64 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Citigroup Inc. upgraded shares of Chesapeake Energy Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 24th. Finally, analysts at Wunderlich raised their price target on shares of Chesapeake Energy Corp. from $30.00 to $34.00 in a research note to investors on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.00.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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.