Chesapeake Energy (CHK) Stock Rating Reaffirmed by SunTrust Banks

SunTrust Banks reissued their hold rating on shares of Chesapeake Energy (NYSE:CHK) in a research note released on Wednesday, May 8th, TipRanks reports. SunTrust Banks also issued estimates for Chesapeake Energy’s FY2021 earnings at $0.47 EPS.

CHK has been the topic of several other research reports. Zacks Investment Research cut Chesapeake Energy from a hold rating to a sell rating in a research report on Tuesday, January 15th. UBS Group set a $2.00 target price on Chesapeake Energy and gave the stock a sell rating in a research report on Monday, January 14th. Raymond James boosted their target price on Chesapeake Energy from $3.50 to $4.00 and gave the stock an outperform rating in a research report on Friday, January 11th. Imperial Capital dropped their target price on Chesapeake Energy from $5.00 to $3.00 and set an in-line rating on the stock in a research report on Thursday, January 10th. Finally, MKM Partners set a $3.00 price target on Chesapeake Energy and gave the stock a hold rating in a report on Tuesday, March 5th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $4.01.

CHK stock traded down $0.12 during trading on Wednesday, hitting $1.92. The company had a trading volume of 38,761,528 shares, compared to its average volume of 45,677,301. The stock has a market capitalization of $3.50 billion, a PE ratio of 2.13 and a beta of 2.39. Chesapeake Energy has a 1-year low of $1.71 and a 1-year high of $5.60. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.72.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Chesapeake Energy had a net margin of 5.39% and a negative return on equity of 138.70%. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $0.34 EPS. The business’s revenue was down 25.3% on a year-over-year basis. Analysts expect that Chesapeake Energy will post -0.06 earnings per share for the current fiscal year.

In other Chesapeake Energy news, EVP James R. Webb purchased 50,000 shares of Chesapeake Energy stock in a transaction on Tuesday, May 28th. The shares were bought at an average price of $1.96 per share, with a total value of $98,000.00. Following the purchase, the executive vice president now directly owns 1,439,322 shares in the company, valued at approximately $2,821,071.12. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3.25, for a total value of $1,847,378.00. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the business. Carlyle Group L.P. acquired a new stake in shares of Chesapeake Energy during the 1st quarter worth $535,982,000. Vanguard Group Inc. increased its holdings in shares of Chesapeake Energy by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 78,461,187 shares of the oil and gas exploration company’s stock worth $352,290,000 after buying an additional 864,212 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Chesapeake Energy by 301.6% during the 1st quarter. AQR Capital Management LLC now owns 20,994,654 shares of the oil and gas exploration company’s stock worth $65,083,000 after buying an additional 15,766,956 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Chesapeake Energy by 52.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,955,858 shares of the oil and gas exploration company’s stock worth $58,765,000 after buying an additional 6,524,188 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Chesapeake Energy by 21.9% during the 4th quarter. Bank of New York Mellon Corp now owns 11,945,420 shares of the oil and gas exploration company’s stock worth $25,085,000 after buying an additional 2,146,047 shares during the last quarter. 70.10% of the stock is currently owned by institutional investors.

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 Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

Featured Article: Does the discount rate affect the economy?

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.