Bank of America Corp reiterated their buy rating on shares of Chesapeake Energy Co. (NYSE:CHK) in a research note released on Friday, StockTargetPrices.com reports.
A number of other analysts have also weighed in on the stock. Barclays PLC upped their price objective on shares of Chesapeake Energy from $4.00 to $5.00 and gave the stock an underweight rating in a research note on Thursday, January 26th. Stifel Nicolaus initiated coverage on shares of Chesapeake Energy in a research report on Thursday, March 23rd. They set a buy rating and a $10.00 price target for the company. Jefferies Group LLC raised shares of Chesapeake Energy from an underperform rating to a hold rating in a research report on Tuesday, January 31st. SunTrust Banks, Inc. reissued a buy rating on shares of Chesapeake Energy in a research report on Saturday, January 21st. Finally, Wunderlich reissued a buy rating and set a $10.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $7.35.
Chesapeake Energy (NYSE:CHK) opened at 5.49 on Friday. Chesapeake Energy has a 12 month low of $3.56 and a 12 month high of $8.20. The company’s 50-day moving average is $5.69 and its 200-day moving average is $6.14. The stock’s market capitalization is $4.89 billion.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings data on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned ($0.10) earnings per share. Equities research analysts forecast that Chesapeake Energy will post $0.86 EPS for the current year.
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In related news, Director Archie W. Dunham purchased 500,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were purchased at an average price of $5.24 per share, with a total value of $2,620,000.00. Following the purchase, the director now owns 4,637,717 shares of the company’s stock, valued at $24,301,637.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CHK. Putnam Investments LLC boosted its stake in Chesapeake Energy by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 1,000 shares in the last quarter. Tiedemann Wealth Management LLC boosted its stake in Chesapeake Energy by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock worth $101,000 after buying an additional 2,952 shares in the last quarter. National Planning Corp boosted its stake in Chesapeake Energy by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 2,069 shares in the last quarter. Hollencrest Securities LLC raised its position in shares of Chesapeake Energy by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock worth $103,000 after buying an additional 1,000 shares during the last quarter. Finally, Cleararc Capital Inc. raised its position in shares of Chesapeake Energy by 13.2% in the fourth quarter. Cleararc Capital Inc. now owns 18,119 shares of the oil and gas exploration company’s stock worth $127,000 after buying an additional 2,117 shares during the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.
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