Chesapeake Energy (NASDAQ:CHK) Price Target Cut to $93.00 by Analysts at Benchmark

Chesapeake Energy (NASDAQ:CHKFree Report) had its target price decreased by Benchmark from $107.00 to $93.00 in a report issued on Tuesday morning, Benzinga reports. Benchmark currently has a buy rating on the stock.

CHK has been the subject of several other research reports. Truist Financial dropped their price objective on Chesapeake Energy from $119.00 to $112.00 and set a buy rating for the company in a research note on Friday, April 5th. StockNews.com downgraded shares of Chesapeake Energy from a hold rating to a sell rating in a research note on Tuesday, December 19th. Citigroup raised shares of Chesapeake Energy from a neutral rating to a buy rating and boosted their price target for the stock from $82.00 to $95.00 in a research note on Friday, January 12th. Mizuho lowered their price objective on shares of Chesapeake Energy from $104.00 to $100.00 and set a buy rating on the stock in a research report on Wednesday, March 6th. Finally, KeyCorp initiated coverage on shares of Chesapeake Energy in a research report on Thursday, April 4th. They issued a sector weight rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $103.58.

Check Out Our Latest Analysis on Chesapeake Energy

Chesapeake Energy Stock Performance

Shares of CHK opened at $88.59 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 5.26 and a beta of 0.52. Chesapeake Energy has a 52-week low of $72.84 and a 52-week high of $91.03. The stock’s 50-day simple moving average is $83.50 and its 200 day simple moving average is $81.90.

Chesapeake Energy (NASDAQ:CHKGet Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.42 by $0.89. Chesapeake Energy had a net margin of 27.74% and a return on equity of 6.74%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $962.95 million. During the same quarter in the previous year, the company earned $4.22 earnings per share. Research analysts forecast that Chesapeake Energy will post 2.73 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 13.66%.

Institutional Investors Weigh In On Chesapeake Energy

Large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of Chesapeake Energy by 14.7% during the third quarter. Deutsche Bank AG now owns 261,978 shares of the company’s stock valued at $22,590,000 after buying an additional 33,660 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Chesapeake Energy by 204.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,925 shares of the company’s stock worth $1,717,000 after purchasing an additional 13,370 shares during the period. Townsquare Capital LLC boosted its stake in shares of Chesapeake Energy by 6.6% during the 3rd quarter. Townsquare Capital LLC now owns 13,104 shares of the company’s stock valued at $1,130,000 after purchasing an additional 816 shares in the last quarter. Yousif Capital Management LLC purchased a new position in shares of Chesapeake Energy during the third quarter valued at about $4,510,000. Finally, Cottage Street Advisors LLC bought a new position in Chesapeake Energy in the third quarter worth about $1,693,000. Institutional investors own 97.93% of the company’s stock.

About Chesapeake Energy

(Get Free Report)

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.

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Analyst Recommendations for Chesapeake Energy (NASDAQ:CHK)

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