Chesapeake Energy (NYSE:CHK)‘s stock had its “hold” rating restated by investment analysts at Piper Jaffray Companies in a note issued to investors on Monday. They currently have a $5.00 price target on the oil and gas exploration company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 56.25% from the company’s current price. Piper Jaffray Companies also issued estimates for Chesapeake Energy’s Q4 2018 earnings at $0.12 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.16 EPS, FY2019 earnings at $0.73 EPS and Q1 2020 earnings at $0.25 EPS.

CHK has been the topic of a number of other research reports. Susquehanna Bancshares upgraded Chesapeake Energy from a “neutral” rating to a “positive” rating and set a $5.00 target price on the stock in a report on Wednesday, October 31st. Credit Suisse Group set a $3.00 price target on Chesapeake Energy and gave the stock a “sell” rating in a report on Wednesday, October 31st. Citigroup lifted their price target on Chesapeake Energy from $2.50 to $3.50 and gave the stock a “sell” rating in a report on Monday, July 30th. Raymond James upgraded Chesapeake Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research upgraded Chesapeake Energy from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Thursday, October 25th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.06.

CHK stock opened at $3.20 on Monday. Chesapeake Energy has a twelve month low of $2.53 and a twelve month high of $5.60. The company has a market capitalization of $3.27 billion, a PE ratio of 3.90, a P/E/G ratio of 0.46 and a beta of 1.93.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. Chesapeake Energy had a negative return on equity of 54.07% and a net margin of 6.91%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. On average, sell-side analysts forecast that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

In other Chesapeake Energy news, EVP James R. Webb purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of $3.54 per share, for a total transaction of $177,000.00. Following the completion of the acquisition, the executive vice president now owns 871,548 shares of the company’s stock, valued at approximately $3,085,279.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Wealth Management LLC bought a new stake in shares of Chesapeake Energy in the second quarter valued at $2,465,000. LMR Partners LLP bought a new stake in shares of Chesapeake Energy in the second quarter valued at $123,000. American Century Companies Inc. bought a new stake in shares of Chesapeake Energy in the second quarter valued at $128,000. WESPAC Advisors SoCal LLC bought a new stake in shares of Chesapeake Energy in the second quarter valued at $131,000. Finally, Virtu Financial LLC bought a new stake in shares of Chesapeake Energy in the second quarter valued at $135,000. Hedge funds and other institutional investors own 59.55% of the company’s stock.

About Chesapeake Energy

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.

Further Reading: Momentum Indicator: Relative Strength Index

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.