Chesapeake Energy Corporation’s (NYSE:CHK) “Hold” Rating Reiterated at Scotiabank

Scotiabank reiterated their hold rating on shares of Chesapeake Energy Corporation (NYSE:CHK) in a research report released on Friday, November 3rd. Scotiabank currently has a $5.00 price objective on the oil and gas exploration company’s stock.

Several other research analysts also recently commented on the stock. Vetr downgraded shares of Chesapeake Energy Corporation from a strong-buy rating to a buy rating and set a $5.23 price target on the stock. in a research note on Tuesday, July 11th. Mizuho reissued a hold rating and set a $5.00 target price on shares of Chesapeake Energy Corporation in a research report on Friday, September 29th. Jefferies Group LLC downgraded shares of Chesapeake Energy Corporation from a hold rating to an underperform rating and cut their target price for the company from $4.00 to $2.00 in a research report on Monday, October 9th. Tudor Pickering downgraded shares of Chesapeake Energy Corporation from a buy rating to a hold rating and raised their target price for the company from $3.76 to $4.00 in a research report on Tuesday, September 5th. Finally, Piper Jaffray Companies lowered their price target on shares of Chesapeake Energy Corporation from $6.00 to $4.00 and set a neutral rating on the stock in a report on Monday, September 18th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $5.77.

Chesapeake Energy Corporation (NYSE:CHK) traded up $0.16 during mid-day trading on Friday, reaching $3.97. 19,225,583 shares of the company’s stock traded hands, compared to its average volume of 34,854,059. Chesapeake Energy Corporation has a fifty-two week low of $3.41 and a fifty-two week high of $8.20. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. The company has a market capitalization of $3,610.00, a price-to-earnings ratio of 6.45 and a beta of 2.18.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, November 2nd. The oil and gas exploration company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Chesapeake Energy Corporation had a net margin of 2.77% and a negative return on equity of 19.93%. The business had revenue of $979.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. research analysts anticipate that Chesapeake Energy Corporation will post 0.74 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the business. Archford Capital Strategies LLC purchased a new stake in Chesapeake Energy Corporation during the second quarter worth about $984,000. Fox Run Management L.L.C. purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter worth approximately $115,000. Advisory Services Network LLC increased its stake in shares of Chesapeake Energy Corporation by 42.6% during the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 7,000 shares during the period. UBS Oconnor LLC purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter worth approximately $122,000. Finally, Gotham Asset Management LLC purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter worth approximately $126,000. Institutional investors own 62.28% of the company’s stock.

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.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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