Chesapeake Energy Co. (NASDAQ:CHK) Given Average Recommendation of “Hold” by Brokerages

Shares of Chesapeake Energy Co. (NASDAQ:CHK) have received a consensus rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $103.58.

A number of brokerages have commented on CHK. Scotiabank upped their price objective on shares of Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial cut their price target on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a report on Friday, April 5th. UBS Group increased their price target on shares of Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Benchmark cut their price target on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday, April 9th. Finally, Barclays assumed coverage on shares of Chesapeake Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $102.00 price target for the company.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC lifted its position in Chesapeake Energy by 478.3% during the first quarter. Belpointe Asset Management LLC now owns 347 shares of the company’s stock valued at $26,000 after buying an additional 287 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Chesapeake Energy by 132.1% during the second quarter. Parkside Financial Bank & Trust now owns 362 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares in the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Chesapeake Energy during the first quarter worth $32,000. Principal Securities Inc. acquired a new position in shares of Chesapeake Energy during the fourth quarter worth $28,000. Finally, Gladius Capital Management LP acquired a new position in shares of Chesapeake Energy during the third quarter worth $36,000. 97.93% of the stock is owned by institutional investors and hedge funds.

Chesapeake Energy Stock Up 0.2 %

CHK stock opened at $87.51 on Friday. The company has a fifty day moving average price of $84.61 and a 200 day moving average price of $81.98. Chesapeake Energy has a 12 month low of $72.84 and a 12 month high of $91.03. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 5.20 and a beta of 0.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.99.

Chesapeake Energy (NASDAQ:CHK) last released its quarterly earnings results on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.42 by $0.89. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $962.95 million. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. During the same quarter in the prior year, the firm earned $4.22 EPS. Sell-side analysts expect that Chesapeake Energy will post 2.03 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 7th were given a $0.575 dividend. The ex-dividend date was Wednesday, March 6th. This represents a $2.30 annualized dividend and a dividend yield of 2.63%. Chesapeake Energy’s dividend payout ratio is presently 13.66%.

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.