Chesapeake Energy (NASDAQ:CHK) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm began coverage on shares of Chesapeake Energy (NASDAQ:CHK) in a research note published on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $92.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Wolfe Research began coverage on shares of Chesapeake Energy in a report on Thursday, July 18th. They issued an outperform rating and a $110.00 price target on the stock. Stephens boosted 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. Truist Financial decreased their price objective on Chesapeake Energy from $112.00 to $108.00 and set a buy rating for the company in a report on Monday, July 22nd. Scotiabank dropped their price objective on shares of Chesapeake Energy from $110.00 to $105.00 and set a sector perform rating on the stock in a report on Tuesday, August 20th. Finally, StockNews.com upgraded shares of Chesapeake Energy to a sell rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $101.33.

Chesapeake Energy Trading Up 2.9 %

NASDAQ CHK opened at $82.60 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $10.84 billion, a P/E ratio of 11.13 and a beta of 0.46. The business has a fifty day simple moving average of $74.43 and a 200 day simple moving average of $82.64. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings data on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The firm had revenue of $505.00 million during the quarter, compared to analysts’ expectations of $822.54 million. During the same quarter last year, the business posted $0.64 EPS. The company’s quarterly revenue was down 73.3% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post 1.43 EPS for the current fiscal year.

Chesapeake Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Thursday, August 15th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 31.00%.

Institutional Trading of Chesapeake Energy

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Chesapeake Energy by 705.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,229 shares of the company’s stock worth $2,402,000 after purchasing an additional 25,600 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Chesapeake Energy in the first quarter valued at about $1,006,000. Russell Investments Group Ltd. raised its stake in shares of Chesapeake Energy by 66.4% during the first quarter. Russell Investments Group Ltd. now owns 119,470 shares of the company’s stock valued at $10,612,000 after acquiring an additional 47,658 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chesapeake Energy during the first quarter worth about $37,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of Chesapeake Energy by 16.2% in the second quarter. Wedge Capital Management L L P NC now owns 284,263 shares of the company’s stock worth $23,364,000 after purchasing an additional 39,734 shares during the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile

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.