In yesterday’s Wall Street session, Chesapeake Energy Corporation (NASDAQ:CHK) shares traded at $95.87, up 2.29% from the previous session.
As of this writing, 15 analysts cover Chesapeake Energy Corporation (NASDAQ:CHK). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $120.00, we find $144.00. Given the previous closing price of $93.72, this indicates a potential upside of 53.65 percent. CHK stock price is now -1.96% away from the 50-day moving average and 8.11% away from the 200-day moving average. The market capitalization of the company currently stands at $12.90B.
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There are 3 analysts who have given it a hold rating, whereas 11 have given it a buy rating. Brokers who have rated the stock have averaged $146.93 as their price target over the next twelve months.
With the price target of $150, Jefferies recently initiated with Buy rating for Chesapeake Energy Corporation (NASDAQ: CHK). On August 02, 2022, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $137, while ‘Scotiabank’ rates the stock as ‘Sector Perform’.
In other news, Wichterich Michael, Executive Chairman bought 2,000 shares of the company’s stock on Jun 27. The stock was bought for $171,300 at an average price of $85.65. Upon completion of the transaction, the Executive Chairman now directly owns 25,318 shares in the company, valued at $2.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 24, Executive Chairman Wichterich Michael bought 3,000 shares of the business’s stock. A total of $244,500 was incurred on buying the stock at an average price of $81.50. This leaves the insider owning 23,318 shares of the company worth $2.24 million. Insiders disposed of 15,531,435 shares of company stock worth roughly $1.49 billion over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHK stock. A new stake in Chesapeake Energy Corporation shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $137,782,000. WEISS ASSET MANAGEMENT LP invested $75,823,000 in shares of CHK during the first quarter. In the first quarter, PACER ADVISORS, INC. acquired a new stake in Chesapeake Energy Corporation valued at approximately $43,284,000. HRT FINANCIAL LP acquired a new stake in CHK for approximately $41,512,000. TRUIST FINANCIAL CORP purchased a new stake in CHK valued at around $10,007,000 in the second quarter. In total, there are 539 active investors with 98.30% ownership of the company’s stock.
During the past 12 months, Chesapeake Energy Corporation has had a low of $54.22 and a high of $105.15. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 0.50, and a quick ratio of 0.50. The fifty day moving average price for CHK is $99.50 and a two-hundred day moving average price translates $92.32 for the stock.
The latest earnings results from Chesapeake Energy Corporation (NASDAQ: CHK) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $4.87, beating analysts’ expectations of $3.83 by 1.04. This compares to -$3.51 EPS in the same period last year. The net profit margin was 26.80% and return on equity was 48.10% for CHK. The company reported revenue of $3.16 billion for the quarter, compared to $890.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 255.28 percent. For the current quarter, analysts expect CHK to generate $2.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/01/2022. Investors who held shares on 11/15/2022 were paid a $3.16 dividend. On an annualized basis, this represents a $10.03 dividend and a 10.46% percent yield. There was an ex-dividend date of 11/14/2022 for this dividend. In terms of dividend payout ratio, CHK is presently at 6.40%.
Chesapeake Energy Corporation(CHK) Company Profile
Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. 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; and the liquids-rich resource play in the Eagle Ford Shale in South Texas. As of December 31, 2021, it owned interests in approximately 8,200 gross productive wells, including 6,500 wells with working interest and 1,700 wells with an overriding or royalty interest; and had estimated proved reserves of 661 million barrels of oil equivalent. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
