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

Roth Mkm began coverage on shares of Chesapeake Energy (NASDAQ:CHK) in a report released on Friday, Marketbeat.com reports. The firm issued a buy rating and a $92.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Wolfe Research assumed coverage on Chesapeake Energy in a research note on Thursday, July 18th. They set an outperform rating and a $110.00 target price for the company. Scotiabank reduced their price objective on shares of Chesapeake Energy from $110.00 to $105.00 and set a sector perform rating for the company in a research report on Tuesday, August 20th. Stephens boosted their target price on shares of Chesapeake Energy from $117.00 to $118.00 and gave the company an equal weight rating in a research report on Tuesday, July 30th. Mizuho decreased their price target on shares of Chesapeake Energy from $111.00 to $105.00 and set an outperform rating for the company in a research note on Monday, September 16th. Finally, KeyCorp initiated coverage on shares of Chesapeake Energy in a report on Thursday, June 27th. They set a sector weight rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Chesapeake Energy has an average rating of Moderate Buy and an average price target of $100.33.

Chesapeake Energy Stock Performance

NASDAQ:CHK opened at $82.25 on Friday. The company has a market capitalization of $10.78 billion, a PE ratio of 11.08 and a beta of 0.46. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week 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. The company has a 50 day simple moving average of $74.44 and a two-hundred day simple moving average of $82.61.

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

Chesapeake Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th were issued a $0.575 dividend. The ex-dividend date was Thursday, August 15th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.80%. Chesapeake Energy’s dividend payout ratio is presently 31.00%.

Hedge Funds Weigh In On Chesapeake Energy

Hedge funds have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its position in shares of Chesapeake Energy by 90.8% during the 1st quarter. Lindbrook Capital LLC now owns 374 shares of the company’s stock worth $33,000 after buying an additional 178 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Chesapeake Energy during the first quarter valued at approximately $37,000. BOKF NA bought a new stake in Chesapeake Energy during the first quarter worth $45,000. GAMMA Investing LLC boosted its position in Chesapeake Energy by 75.6% in the second quarter. GAMMA Investing LLC now owns 569 shares of the company’s stock worth $47,000 after purchasing an additional 245 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Chesapeake Energy by 895.6% in the second quarter. Blue Trust Inc. now owns 677 shares of the company’s stock worth $60,000 after purchasing an additional 609 shares during the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

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.