Chesapeake Energy Corporation (NYSE:CHK) Upgraded at Vetr Inc.

Chesapeake Energy Corporation (NYSE:CHK) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday, July 24th. The firm currently has a $5.23 price target on the oil and gas exploration company’s stock. Vetr‘s price objective indicates a potential upside of 26.33% from the stock’s current price.

A number of other equities analysts have also recently issued reports on CHK. ValuEngine cut shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Jefferies Group LLC set a $6.00 price target on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Tuesday, June 6th. Wolfe Research assumed coverage on shares of Chesapeake Energy Corporation in a research report on Thursday, June 15th. They set a “market perform” rating and a $5.50 price target on the stock. BidaskClub lowered shares of Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 10th. Finally, Barclays PLC reissued a “sell” rating and set a $4.00 price objective (down previously from $5.00) on shares of Chesapeake Energy Corporation in a research note on Thursday, April 20th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.55.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 4.14 on Monday. The company’s market cap is $3.69 billion. The company’s 50-day moving average price is $4.71 and its 200 day moving average price is $5.39. Chesapeake Energy Corporation has a 52 week low of $4.05 and a 52 week high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the company earned ($0.14) earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities analysts forecast that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.

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In related news, Director Thomas L. Ryan purchased 75,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average price of $5.00 per share, with a total value of $375,000.00. Following the purchase, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R Brad Martin purchased 20,400 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, June 23rd. The stock was bought at an average cost of $4.55 per share, for a total transaction of $92,820.00. Following the purchase, the director now directly owns 522,358 shares in the company, valued at $2,376,728.90. The disclosure for this purchase can be found here. Insiders purchased a total of 115,400 shares of company stock worth $573,020 in the last ninety days. 1.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Global Financial Private Capital LLC increased its position in Chesapeake Energy Corporation by 20.6% in the second quarter. Global Financial Private Capital LLC now owns 104,784 shares of the oil and gas exploration company’s stock worth $521,000 after buying an additional 17,887 shares during the period. Huber Capital Management LLC increased its position in Chesapeake Energy Corporation by 2.0% in the second quarter. Huber Capital Management LLC now owns 732,024 shares of the oil and gas exploration company’s stock worth $3,638,000 after buying an additional 14,200 shares during the period. OxFORD Asset Management LLP acquired a new position in Chesapeake Energy Corporation during the second quarter worth approximately $8,027,000. Dimensional Fund Advisors LP increased its position in Chesapeake Energy Corporation by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,554,742 shares of the oil and gas exploration company’s stock worth $22,637,000 after buying an additional 198,178 shares during the period. Finally, TLP Group LLC acquired a new position in Chesapeake Energy Corporation during the second quarter worth approximately $280,000. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Energy Corporation 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.

To view Vetr’s full report, visit Vetr’s official website.

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