Chesapeake Energy (NYSE:CHK)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.57, but opened at $4.29. Chesapeake Energy shares last traded at $4.29, with a volume of 88504092 shares traded.
A number of research firms have recently weighed in on CHK. ValuEngine lowered Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Chesapeake Energy in a research note on Friday, February 23rd. Citigroup lowered Chesapeake Energy from a “neutral” rating to a “sell” rating and increased their price target for the company from $3.11 to $5.00 in a research note on Tuesday, April 17th. Finally, UBS assumed coverage on Chesapeake Energy in a research note on Wednesday, March 7th. They set a “buy” rating and a $2.80 price target for the company. Ten analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.58.
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The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of -5.27. The stock has a market cap of $3.38 billion, a PE ratio of 5.23 and a beta of 1.79.
Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Chesapeake Energy had a negative return on equity of 43.41% and a net margin of 11.67%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s quarterly revenue was down 15.4% compared to the same quarter last year. analysts forecast that Chesapeake Energy will post 0.72 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Financial Partners Group Inc purchased a new stake in Chesapeake Energy during the fourth quarter valued at approximately $114,000. Penserra Capital Management LLC raised its position in Chesapeake Energy by 457.7% during the first quarter. Penserra Capital Management LLC now owns 37,579 shares of the oil and gas exploration company’s stock valued at $110,000 after purchasing an additional 30,841 shares during the period. All Terrain Financial Advisors LLC purchased a new stake in Chesapeake Energy during the fourth quarter valued at approximately $170,000. Sciencast Management LP purchased a new stake in Chesapeake Energy during the first quarter valued at approximately $141,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chesapeake Energy by 41.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock valued at $213,000 after purchasing an additional 15,804 shares during the period. Institutional investors and hedge funds own 62.55% of the company’s stock.
Chesapeake Energy Company Profile
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.