Chesapeake Energy (NASDAQ:CHK) Research Coverage Started at Roth Mkm

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

Other equities analysts have also issued reports about the company. StockNews.com upgraded Chesapeake Energy to a sell rating in a research report on Wednesday, August 14th. Stephens upped their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the company an equal weight rating in a research note on Tuesday, July 30th. Scotiabank reduced their price target on shares of Chesapeake Energy from $110.00 to $105.00 and set a sector perform rating on the stock in a research report on Tuesday, August 20th. Wolfe Research assumed coverage on shares of Chesapeake Energy in a research report on Thursday, July 18th. They issued an outperform rating and a $110.00 price objective for the company. Finally, UBS Group reduced their target price on Chesapeake Energy from $93.00 to $85.00 and set a neutral rating on the stock in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $100.33.

Chesapeake Energy Stock Performance

Shares of NASDAQ:CHK opened at $82.25 on Friday. The business has a fifty day moving average of $74.44 and a 200-day moving average of $82.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.16 and a current ratio of 2.16. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $93.58. The firm has a market cap of $10.78 billion, a PE ratio of 11.08 and a beta of 0.46.

Chesapeake Energy (NASDAQ:CHK) last released its quarterly earnings results 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 company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $822.54 million. During the same period last year, the company earned $0.64 earnings per share. Chesapeake Energy’s revenue for the quarter was down 73.3% compared to the same quarter last year. On average, equities research analysts predict that Chesapeake Energy will post 1.43 EPS for the current fiscal year.

Chesapeake Energy Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a yield of 2.80%. Chesapeake Energy’s dividend payout ratio (DPR) is presently 31.00%.

Hedge Funds Weigh In On Chesapeake Energy

Several hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC boosted its position in Chesapeake Energy by 90.8% in the first quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock valued at $33,000 after buying an additional 178 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Chesapeake Energy during the 1st quarter valued at $37,000. BOKF NA bought a new stake in Chesapeake Energy during the 1st quarter worth $45,000. GAMMA Investing LLC grew its position in Chesapeake Energy by 75.6% during the 2nd quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock worth $47,000 after acquiring an additional 245 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Chesapeake Energy by 895.6% in the second quarter. Blue Trust Inc. now owns 677 shares of the company’s stock valued at $60,000 after purchasing an additional 609 shares during the last quarter. 97.93% of the stock is owned by institutional investors.

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.