Chesapeake Energy (NASDAQ:CHK) Reaches New 12-Month Low at $72.58

Shares of Chesapeake Energy Co. (NASDAQ:CHK) hit a new 52-week low during trading on Friday . The stock traded as low as $72.58 and last traded at $72.88, with a volume of 124208 shares. The stock had previously closed at $75.04.

Analyst Ratings Changes

CHK has been the subject of several research analyst reports. UBS Group lifted their target price on shares of Chesapeake Energy from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Wolfe Research started coverage on shares of Chesapeake Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $110.00 price objective for the company. Benchmark dropped their price objective on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Scotiabank boosted their target price on shares of Chesapeake Energy from $92.00 to $110.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Truist Financial dropped their target price on shares of Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Hold” and an average target price of $106.69.

Chesapeake Energy Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.33 and a current ratio of 2.16. The stock has a market capitalization of $9.46 billion, a P/E ratio of 10.11 and a beta of 0.47. The stock’s fifty day simple moving average is $83.90 and its two-hundred day simple moving average is $84.14.

Chesapeake Energy (NASDAQ:CHK) last posted its earnings results on Monday, July 29th. The company reported $0.01 earnings per share 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 business had revenue of $505.00 million for the quarter, compared to the consensus estimate of $822.54 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The company’s revenue was down 73.3% compared to the same quarter last year. As a group, research analysts expect that Chesapeake Energy Co. will post 1.32 EPS for the current fiscal year.

Chesapeake Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, August 15th. Chesapeake Energy’s dividend payout ratio is currently 31.00%.

Institutional Investors Weigh In On Chesapeake Energy

A number of institutional investors have recently modified their holdings of the company. Principal Securities Inc. acquired a new position in shares of Chesapeake Energy during the 4th quarter valued at $28,000. Lindbrook Capital LLC lifted its position 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 acquiring an additional 178 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Chesapeake Energy during the 1st quarter valued at $37,000. GAMMA Investing LLC acquired a new position in shares of Chesapeake Energy during the 4th quarter valued at $40,000. Finally, BOKF NA acquired a new position in shares of Chesapeake Energy during the 1st quarter valued at $45,000. 97.93% of the stock is owned by 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.