In yesterday’s Wall Street session, Chesapeake Energy Corporation (NASDAQ:CHK) shares traded at $85.93, down -0.37% from the previous session.
As of this writing, 21 analysts cover Chesapeake Energy Corporation (NASDAQ:CHK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $144.00 and a low of $85.00, we find $100.00. Given the previous closing price of $86.25, this indicates a potential upside of 15.94 percent. CHK stock price is now 3.66% away from the 50-day moving average and 1.76% away from the 200-day moving average. The market capitalization of the company currently stands at $11.42B.
There are 7 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $106.15 as their price target over the next twelve months.
With the price target reduced from $97 to $96, JP Morgan Downgraded its rating from Overweight to Neutral for Chesapeake Energy Corporation (NASDAQ: CHK).
Insiders disposed of 14,387 shares of company stock worth roughly $1.24 million 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 THRIVENT FINANCIAL FOR LUTHERANS during the first quarter worth $104,193,000. MILLENNIUM MANAGEMENT LLC invested $34,869,000 in shares of CHK during the first quarter. In the first quarter, GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC acquired a new stake in Chesapeake Energy Corporation valued at approximately $24,041,000. HOLOCENE ADVISORS, LP acquired a new stake in CHK for approximately $18,916,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in CHK valued at around $13,571,000 in the second quarter. In total, there are 631 active investors with 98.30% ownership of the company’s stock.
During the past 12 months, Chesapeake Energy Corporation has had a low of $69.13 and a high of $103.40. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for CHK is $82.99 and a two-hundred day moving average price translates $85.30 for the stock.
The latest earnings results from Chesapeake Energy Corporation (NASDAQ: CHK) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.64, beating analysts’ expectations of $0.42 by 0.22. This compares to $8.27 EPS in the same period last year. The net profit margin was 52.60% and return on equity was 68.30% for CHK. The company reported revenue of $1.89 billion for the quarter, compared to $3.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.28 percent. For the current quarter, analysts expect CHK to generate $1.29B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/06/2023. Investors who held shares on 08/17/2023 were paid a $0.575 dividend. On an annualized basis, this represents a $6.21 dividend and a 7.22% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend. In terms of dividend payout ratio, CHK is presently at 23.80%.
Chesapeake Energy Corporation(CHK) Company Profile
Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce 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. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
