Chesapeake Energy (NASDAQ:CHK) PT decreased to $96.00

Chesapeake Energy (NASDAQ:CHK – Get a Free Report) Their target price was cut by investment analysts at Truist Financial from $108.00 to $96.00 in a report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 16.08% from the company’s current price.

A number of other analysts have also issued reports on CHK. Wolfe Research assumed coverage on shares of Chesapeake Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $110.00 price objective on the stock. KeyCorp began coverage on shares of Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Stephens upped their target price on Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Mizuho cut their price objective on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chesapeake Energy has an average rating of “Moderate Buy” and an average target price of $100.33.

Check out our latest report on Chesapeake Energy

Chesapeake Energy traded up 0.1%

Shares of CHK stock traded up $0.10 during mid-day trading on Monday, reaching $82.70. The company’s stock had a trading volume of 192,491 shares, compared to its average volume of 1,924,718. The company has a quick ratio of 2.16, a current ratio of 2.16, and a debt-to-equity ratio of 0.19. The firm has a market cap of $10.84 billion, a PE ratio of 11.15 and a beta of 0.46. The company’s 50-day simple moving average is $74.43, and its 200-day simple moving average is $82.62. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $93.58.

Chesapeake Energy (NASDAQ:CHK – Get Your Free Report ) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The company had revenue of $505.00 million for the quarter, compared to analyst estimates of $822.54 million. In the same quarter last year, the firm earned $0.64 EPS. The company’s revenue for the quarter was down 73.3% compared to the same quarter last year. On average, research analysts predict that Chesapeake Energy will post 1.43 EPS for the current fiscal year.

Institutional investors are weighing in on Chesapeake Energy

Hedge funds have recently added to or reduced their holdings in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Chesapeake Energy in the second quarter valued at approximately $956,000. Clearbridge Investments LLC boosted its position in Chesapeake Energy by 3.3% in the second quarter. Clearbridge Investments LLC now owns 474,459 shares of the company’s stock valued at $38,996,000 after acquiring an additional 14,951 shares during the period. Teachers Retirement System Of The State Of Kentucky grew its stake in Chesapeake Energy by 133.8% during the 2nd quarter. Teachers Retirement System Of The State Of Kentucky now owns 84,493 shares of the company’s stock valued at $6,945,000 , after acquiring an additional 48,348 shares in the last quarter. Creative Planning boosted its position in Chesapeake Energy by 4.6% in the second quarter. Creative Planning now owns 19,352 shares of the company’s stock worth $1,591,000 after acquiring an additional 857 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its position in Chesapeake Energy by 72.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 141,413 shares of the company’s stock worth $11,623,000 after acquired an additional 59,400 shares during the period. 97.93% of shares are currently held by institutional investors.

Chesapeake Energy Company Profile

(Get a free report)

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in the acquisition, exploration and development of properties to produce oil, natural gas and natural gas liquids from underground reservoirs. The company owns interests in natural gas resources in the Marcellus Shale in the northern Appalachian Basin of Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.

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