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

Roth Mkm began coverage on shares of Chesapeake Energy (NASDAQ:CHK) in a note issued to investors on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $92.00 price target on the stock. Roth Mkm’s price target would suggest a potential upside of 11.38% from the stock’s previous close.

Several other equities analysts have also recently issued reports on CHK. Wolfe Research assumed coverage on shares of Chesapeake Energy in a research note on Thursday, July 18th. They issued an “outperform” rating and a $110.00 target price for the company. StockNews.com upgraded shares of Chesapeake Energy to a “sell” rating in a research report on Wednesday, August 14th. Mizuho reduced their price objective on shares of Chesapeake Energy from $111.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. KeyCorp assumed coverage on shares of Chesapeake Energy in a research report on Thursday, June 27th. They set a “sector weight” rating for the company. Finally, UBS Group reduced their price objective on shares of Chesapeake Energy from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.33.

Chesapeake Energy Trading Up 2.9 %

NASDAQ CHK opened at $82.60 on Friday. The company has a fifty day moving average of $74.43 and a 200 day moving average of $82.64. The company has a market capitalization of $10.84 billion, a PE ratio of 11.13 and a beta of 0.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $93.58.

Chesapeake Energy (NASDAQ:CHK) last released its quarterly earnings data on Monday, July 29th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $505.00 million during the quarter, compared to analysts’ expectations of $822.54 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. The company’s revenue for the quarter was down 73.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.64 EPS. Research analysts forecast that Chesapeake Energy will post 1.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Aurora Investment Counsel lifted its position in Chesapeake Energy by 1.1% in the first quarter. Aurora Investment Counsel now owns 11,930 shares of the company’s stock valued at $1,060,000 after buying an additional 135 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Chesapeake Energy by 90.8% during the first quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock worth $33,000 after purchasing an additional 178 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of Chesapeake Energy by 1.3% during the second quarter. Clear Harbor Asset Management LLC now owns 13,895 shares of the company’s stock worth $1,142,000 after purchasing an additional 180 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Chesapeake Energy by 1.9% during the second quarter. Toronto Dominion Bank now owns 10,205 shares of the company’s stock worth $839,000 after purchasing an additional 186 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its position in shares of Chesapeake Energy by 32.4% during the first quarter. Abich Financial Wealth Management LLC now owns 900 shares of the company’s stock worth $80,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

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.