Chesapeake Energy Co. (NYSE:CHK) has been assigned an average rating of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $4.95.

Several equities analysts recently weighed in on the stock. MKM Partners assumed coverage on shares of Chesapeake Energy in a research note on Wednesday. They set a “neutral” rating and a $3.00 target price for the company. SunTrust Banks reaffirmed a “hold” rating and set a $3.00 target price on shares of Chesapeake Energy in a research note on Thursday, November 29th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research note on Monday, November 19th. Zacks Investment Research cut shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Finally, Citigroup raised shares of Chesapeake Energy from a “sell” rating to a “neutral” rating and raised their target price for the company from $3.50 to $4.50 in a research note on Monday, November 12th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Greylin Investment Mangement Inc. lifted its position in Chesapeake Energy by 3.0% during the second quarter. Greylin Investment Mangement Inc. now owns 405,685 shares of the oil and gas exploration company’s stock valued at $2,126,000 after purchasing an additional 11,810 shares during the last quarter. North Star Asset Management Inc. lifted its position in Chesapeake Energy by 1.5% during the third quarter. North Star Asset Management Inc. now owns 946,911 shares of the oil and gas exploration company’s stock valued at $4,252,000 after purchasing an additional 14,365 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Chesapeake Energy by 7.8% during the third quarter. Wedge Capital Management L L P NC now owns 199,970 shares of the oil and gas exploration company’s stock valued at $898,000 after purchasing an additional 14,468 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Chesapeake Energy by 16.0% during the third quarter. Janney Montgomery Scott LLC now owns 106,117 shares of the oil and gas exploration company’s stock valued at $476,000 after purchasing an additional 14,625 shares during the last quarter. Finally, Arizona State Retirement System lifted its position in Chesapeake Energy by 2.3% during the third quarter. Arizona State Retirement System now owns 647,760 shares of the oil and gas exploration company’s stock valued at $2,908,000 after purchasing an additional 14,707 shares during the last quarter. 58.71% of the stock is owned by institutional investors.

Shares of NYSE CHK traded down $0.17 during midday trading on Thursday, reaching $2.72. The stock had a trading volume of 56,182,300 shares, compared to its average volume of 34,443,625. The stock has a market cap of $2.64 billion, a PE ratio of 3.32, a price-to-earnings-growth ratio of 0.35 and a beta of 1.92. Chesapeake Energy has a 12-month low of $2.53 and a 12-month high of $5.60.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Tuesday, October 30th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.04. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Chesapeake Energy had a net margin of 6.91% and a negative return on equity of 54.07%. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. On average, sell-side analysts expect that Chesapeake Energy will post 0.85 earnings per share for the current fiscal year.

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.

See Also: Retained Earnings

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

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