Chesapeake Energy (NASDAQ:CHK) Price Target Raised to $101.00 at Mizuho

Chesapeake Energy (NASDAQ:CHK) had its price objective increased by Mizuho from $100.00 to $101.00 in a research note published on Wednesday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other analysts also recently issued reports on the company. Truist Financial dropped their price target on Chesapeake Energy from $119.00 to $112.00 and set a buy rating on the stock in a research note on Friday, April 5th. UBS Group lifted their price target on Chesapeake Energy from $92.00 to $94.00 and gave the company a neutral rating in a research note on Wednesday, April 10th. Benchmark dropped their price target on Chesapeake Energy from $107.00 to $93.00 and set a buy rating on the stock in a research note on Tuesday, April 9th. Jefferies Financial Group dropped their price target on Chesapeake Energy from $118.00 to $115.00 and set a buy rating on the stock in a research note on Wednesday, April 10th. Finally, Scotiabank lifted their price target on Chesapeake Energy from $92.00 to $110.00 and gave the company a sector perform rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $105.83.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock opened at $86.68 on Wednesday. The company has a market capitalization of $11.34 billion, a PE ratio of 5.15 and a beta of 0.52. Chesapeake Energy has a 12 month low of $72.84 and a 12 month high of $93.58. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $86.43 and its 200 day simple moving average is $82.10.

Chesapeake Energy (NASDAQ:CHK) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.08). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $674.99 million. Chesapeake Energy had a return on equity of 6.74% and a net margin of 27.74%. During the same period in the previous year, the business posted $1.87 EPS. On average, research analysts predict that Chesapeake Energy will post 1.76 EPS for the current year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Thursday, March 7th were issued a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Wednesday, March 6th. Chesapeake Energy’s payout ratio is 13.66%.

Hedge Funds Weigh In On Chesapeake Energy

Several hedge funds have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in Chesapeake Energy during the fourth quarter worth about $28,000. Lindbrook Capital LLC grew its holdings in 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 during the period. Gladius Capital Management LP bought a new position in Chesapeake Energy during the third quarter worth about $36,000. Allspring Global Investments Holdings LLC bought a new position in Chesapeake Energy during the first quarter worth about $37,000. Finally, GAMMA Investing LLC bought a new position in Chesapeake Energy during the fourth quarter worth about $40,000. Institutional investors own 97.93% of the company’s stock.

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.