Guggenheim reiterated their neutral rating on shares of Chesapeake Energy (NYSE:CHK) in a research note published on Wednesday morning, Briefing.com Automated Import reports.
CHK has been the topic of several other reports. UBS Group set a $2.00 price objective on shares of Chesapeake Energy and gave the company a sell rating in a report on Monday, January 14th. Citigroup boosted their target price on shares of Chesapeake Energy from $2.50 to $3.50 and gave the company a neutral rating in a research note on Wednesday, March 6th. Imperial Capital decreased their target price on shares of Chesapeake Energy from $5.00 to $3.00 and set an in-line rating for the company in a research note on Thursday, January 10th. Raymond James boosted their target price on shares of Chesapeake Energy from $3.50 to $4.00 and gave the company an outperform rating in a research note on Friday, January 11th. Finally, Goldman Sachs Group cut shares of Chesapeake Energy from a neutral rating to a sell rating and decreased their target price for the company from $2.75 to $2.50 in a research note on Friday, April 12th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $4.01.
CHK stock opened at $2.91 on Wednesday. The firm has a market capitalization of $4.75 billion, a PE ratio of 3.23, a price-to-earnings-growth ratio of 0.83 and a beta of 2.44. Chesapeake Energy has a 12 month low of $1.71 and a 12 month high of $5.60.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Wednesday, February 27th. The oil and gas exploration company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy had a net margin of 8.31% and a negative return on equity of 58.05%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. As a group, sell-side analysts predict that Chesapeake Energy will post 0.56 earnings per share for the current fiscal year.
In other Chesapeake Energy news, major shareholder Ngp Energy Capital Management, sold 5,913,736 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $3.29, for a total transaction of $19,456,191.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company’s stock.
A number of large investors have recently bought and sold shares of CHK. Sigma Planning Corp acquired a new position in Chesapeake Energy during the fourth quarter worth $25,000. Garrison Point Advisors LLC acquired a new position in Chesapeake Energy during the fourth quarter worth $25,000. Bessemer Group Inc. raised its position in Chesapeake Energy by 1,081.8% during the fourth quarter. Bessemer Group Inc. now owns 11,818 shares of the oil and gas exploration company’s stock worth $25,000 after acquiring an additional 10,818 shares during the period. Peak Asset Management LLC acquired a new position in Chesapeake Energy during the fourth quarter worth $26,000. Finally, WINTON GROUP Ltd acquired a new position in Chesapeake Energy during the fourth quarter worth $27,000. Institutional investors own 58.81% of the company’s stock.
About Chesapeake Energy
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.
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