Aristeia Capital L.L.C. Raises Stock Holdings in Chesapeake Energy Co. (NASDAQ:CHK)

Aristeia Capital L.L.C. grew its stake in shares of Chesapeake Energy Co. (NASDAQ:CHK) by 8.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,298 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Aristeia Capital L.L.C.’s holdings in Chesapeake Energy were worth $518,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Principal Securities Inc. purchased a new stake in Chesapeake Energy during the fourth quarter valued at $28,000. Lindbrook Capital LLC grew its stake in shares of Chesapeake Energy by 90.8% during the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after purchasing an additional 178 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Chesapeake Energy during the 1st quarter valued at about $37,000. BOKF NA purchased a new stake in shares of Chesapeake Energy during the 1st quarter valued at about $45,000. Finally, GAMMA Investing LLC lifted its stake in shares of Chesapeake Energy by 75.6% in the 2nd quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock worth $47,000 after purchasing an additional 245 shares during the period. 97.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group reduced their target price on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. KeyCorp assumed coverage on Chesapeake Energy in a research note on Thursday, June 27th. They issued a “sector weight” rating for the company. Stephens lifted their target price on Chesapeake Energy from $117.00 to $118.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. Mizuho reduced their price target on Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Finally, Truist Financial lowered their price objective on Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.92.

Chesapeake Energy Trading Up 2.3 %

Chesapeake Energy stock opened at $80.26 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. The firm’s 50 day moving average price is $74.55 and its 200-day moving average price is $82.71. Chesapeake Energy Co. has a 1 year low of $69.12 and a 1 year high of $93.58. The stock has a market cap of $10.52 billion, a P/E ratio of 10.82 and a beta of 0.46.

Chesapeake Energy (NASDAQ:CHK) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The company had revenue of $505.00 million during the quarter, compared to the consensus estimate of $822.54 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The business’s revenue was down 73.3% on a year-over-year basis. On average, equities analysts predict that Chesapeake Energy Co. will post 1.32 earnings per share for the current fiscal year.

Chesapeake Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

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.