Chesapeake Energy (NASDAQ:CHK) Given New $101.00 Price Target at Mizuho

Chesapeake Energy (NASDAQ:CHK) had its price objective lifted by equities researchers at Mizuho from $100.00 to $101.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Mizuho’s price target would suggest a potential upside of 16.04% from the stock’s current price.

Several other research analysts have also weighed in on CHK. Barclays assumed coverage on shares of Chesapeake Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 price objective on the stock. Benchmark cut their target price on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, April 9th. Citigroup raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $82.00 to $95.00 in a report on Friday, January 12th. Jefferies Financial Group reduced their price objective on Chesapeake Energy from $118.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, Stephens lifted their target price on shares of Chesapeake Energy from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $105.83.

Chesapeake Energy Stock Performance

CHK traded down $2.84 on Wednesday, hitting $87.04. 652,143 shares of the company’s stock were exchanged, compared to its average volume of 2,013,271. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $86.43 and a two-hundred day moving average of $82.10. The firm has a market cap of $11.38 billion, a PE ratio of 5.22 and a beta of 0.52. Chesapeake Energy has a twelve month low of $72.84 and a twelve month high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last released its earnings results on Tuesday, April 30th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $674.99 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same period in the previous year, the firm earned $1.87 earnings per share. On average, research analysts anticipate that Chesapeake Energy will post 1.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CHK. DekaBank Deutsche Girozentrale lifted its holdings in Chesapeake Energy by 1.6% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 9,439 shares of the company’s stock worth $716,000 after purchasing an additional 151 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Chesapeake Energy by 4.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 3,761 shares of the company’s stock worth $289,000 after buying an additional 154 shares in the last quarter. Forum Financial Management LP raised its holdings in Chesapeake Energy by 6.2% in the 3rd quarter. Forum Financial Management LP now owns 2,812 shares of the company’s stock valued at $242,000 after acquiring an additional 163 shares in the last quarter. Signaturefd LLC lifted its position in shares of Chesapeake Energy by 16.5% during the 4th quarter. Signaturefd LLC now owns 1,250 shares of the company’s stock valued at $96,000 after acquiring an additional 177 shares during the period. Finally, Lindbrook Capital LLC increased its position in shares of Chesapeake Energy by 90.8% in the first quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock worth $33,000 after purchasing an additional 178 shares during the period. 97.93% of the stock is currently owned by institutional investors.

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.