Chesapeake Energy (NASDAQ:CHK – Get Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other equities analysts have also issued reports about the stock. Bank of America upped their price objective on shares of Chesapeake Energy from $144.00 to $147.00 in a report on Wednesday, September 27th. Benchmark decreased their price objective on shares of Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Truist Financial upped their price objective on shares of Chesapeake Energy from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Wells Fargo & Company decreased their price objective on shares of Chesapeake Energy from $89.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 22nd. Finally, JPMorgan Chase & Co. lowered shares of Chesapeake Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $97.00 to $96.00 in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.73.

View Our Latest Analysis on CHK

Chesapeake Energy Stock Down 2.5 %

Shares of NASDAQ CHK opened at $76.39 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.20. The stock has a market cap of $10.01 billion, a PE ratio of 2.07 and a beta of 0.53. The company has a 50-day moving average of $84.41 and a 200 day moving average of $83.75. Chesapeake Energy has a 12-month low of $69.68 and a 12-month high of $102.35.

Chesapeake Energy (NASDAQ:CHK – Get Free Report) last posted its earnings results on Tuesday, October 31st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.52. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Chesapeake Energy had a net margin of 49.82% and a return on equity of 11.33%. Chesapeake Energy’s revenue was down 52.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.06 EPS. As a group, sell-side analysts predict that Chesapeake Energy will post 4.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Belpointe Asset Management LLC raised its stake in Chesapeake Energy by 478.3% during the 1st quarter. Belpointe Asset Management LLC now owns 347 shares of the company’s stock worth $26,000 after acquiring an additional 287 shares in the last quarter. Private Trust Co. NA raised its stake in Chesapeake Energy by 182.5% during the 2nd quarter. Private Trust Co. NA now owns 339 shares of the company’s stock worth $28,000 after acquiring an additional 219 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Chesapeake Energy by 149.3% in the second quarter. Hexagon Capital Partners LLC now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 215 shares during the period. Parkside Financial Bank & Trust increased its stake in Chesapeake Energy by 132.1% in the second quarter. Parkside Financial Bank & Trust now owns 362 shares of the company’s stock valued at $30,000 after purchasing an additional 206 shares during the period. Finally, Salem Investment Counselors Inc. acquired a new position in Chesapeake Energy in the first quarter valued at $32,000. 97.93% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Energy Company Profile (Get Free Report)

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.

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Original: MarketBeat News Feed: Chesapeake Energy (NASDAQ:CHK) Rating Lowered to Sell at StockNews.com