Chesapeake Energy (NASDAQ:CHK) Trading Down 0.6%

Chesapeake Energy Co. (NASDAQ:CHK)’s share price fell 0.6% on Friday . The stock traded as low as $90.54 and last traded at $90.91. 263,650 shares were traded during trading, a decline of 87% from the average session volume of 2,014,288 shares. The stock had previously closed at $91.47.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHK. Mizuho reaffirmed a “buy” rating and set a $100.00 target price on shares of Chesapeake Energy in a research report on Thursday, April 11th. Benchmark cut their target price on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Tuesday, April 9th. Scotiabank raised their price target on shares of Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial cut their price target on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Barclays started coverage on shares of Chesapeake Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $102.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $104.73.

Chesapeake Energy Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99. The stock’s fifty day simple moving average is $85.63 and its 200-day simple moving average is $82.14. The stock has a market cap of $12.04 billion, a P/E ratio of 5.40 and a beta of 0.52.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.89. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $962.95 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same quarter last year, the business posted $4.22 EPS. On average, research analysts anticipate that Chesapeake Energy Co. will post 1.76 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were issued a $0.575 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.50%. Chesapeake Energy’s dividend payout ratio (DPR) is presently 13.66%.

Institutional Investors Weigh In On Chesapeake Energy

A number of hedge funds have recently made changes to their positions in CHK. Principal Securities Inc. bought a new position in Chesapeake Energy in the 4th quarter valued at about $28,000. Lindbrook Capital LLC boosted its holdings in shares of Chesapeake Energy by 90.8% in the first quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after acquiring an additional 178 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Chesapeake Energy in the third quarter valued at approximately $36,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Chesapeake Energy during the first quarter valued at approximately $37,000. Finally, GAMMA Investing LLC bought a new stake in Chesapeake Energy during the fourth quarter worth approximately $40,000. Institutional investors own 97.93% of the company’s stock.

About Chesapeake Energy

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.