Chesapeake Energy (NASDAQ:CHK) Now Covered by Roth Mkm

Equities research analysts at Roth Mkm assumed coverage on shares of Chesapeake Energy (NASDAQ:CHK) in a research note issued to investors on Friday, MarketBeat.com reports. The firm set a “buy” rating and a $92.00 price target on the stock. Roth Mkm’s price objective indicates a potential upside of 11.38% from the stock’s previous close.

CHK has been the topic of several other research reports. 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 target price on the stock. KeyCorp started coverage on shares of Chesapeake Energy in a report on Thursday, June 27th. They issued a “sector weight” rating on the stock. Truist Financial dropped their price target on shares of Chesapeake Energy from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Stephens increased their price target 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. Finally, Scotiabank dropped 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 note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

Chesapeake Energy Stock Up 2.9 %

Shares of CHK opened at $82.60 on Friday. The company’s 50-day simple moving average is $74.43 and its 200-day simple moving average is $82.64. The stock has a market capitalization of $10.84 billion, a PE ratio of 11.13 and a beta of 0.46. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $93.58. 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 (NASDAQ:CHK) last issued its earnings results on Monday, July 29th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $505.00 million during the quarter, compared to analyst estimates of $822.54 million. Chesapeake Energy had a net margin of 8.68% and a return on equity of 4.00%. The firm’s revenue was down 73.3% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. Analysts forecast that Chesapeake Energy will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chesapeake Energy

A number of hedge funds have recently modified their holdings of CHK. Wealth Enhancement Advisory Services LLC grew its position in Chesapeake Energy by 705.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,229 shares of the company’s stock valued at $2,402,000 after buying an additional 25,600 shares during the last quarter. Quantbot Technologies LP purchased a new position in Chesapeake Energy in the 1st quarter valued at $1,006,000. Russell Investments Group Ltd. grew its position in Chesapeake Energy by 66.4% in the 1st quarter. Russell Investments Group Ltd. now owns 119,470 shares of the company’s stock valued at $10,612,000 after buying an additional 47,658 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Chesapeake Energy in the 1st quarter valued at $37,000. Finally, Wedge Capital Management L L P NC grew its position in Chesapeake Energy by 16.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 284,263 shares of the company’s stock valued at $23,364,000 after buying 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.