Chesapeake Energy Corporation (NYSE:CHK) stock is presently standing at about $5.43 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 26 analysts covering the company is $7.13, which suggests the stock could still rise over 24 percent. The highest analyst price target is $11.00, which implies a rally of -3 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 2 rate CHK a strong buy. There are 17 equity research firms advocating a Hold and 3 consider it Sell.
Jefferies analysts provided their view on Chesapeake Energy Corporation (NYSE:CHK) recently. The rating firm issued a Hold rating to this company in a research note released on Nov 10, 2016. RBC Capital Mkts analysts disclosed their opinion on Chesapeake Energy Corporation (NYSE:CHK) recently. The rating firm gave a Sector Perform rating to this stock in a research note published on Oct 25, 2016. According to a research note disclosed on Oct 21, 2016, analysts at BofA/Merrill have upped their rating on these shares from Underperform to Neutral.
Chesapeake Energy Corporation (NYSE:CHK) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director DUNHAM ARCHIE W Purchased 1,000,000 company shares for $6670000, in a transaction on 2016-09-20. Following the transaction, the Director is left with a stake of 6670 shares, currently valued at $36218. Meanwhile, Director DUNHAM ARCHIE W purchased 350,000 shares worth $2124000.5, through a transaction dated 2016-08-22. Following the completion of the transaction, the insider is left with a stake of 3,127,951 shares, amounting $16984773.93. CHK Director RYAN THOMAS L also purchased 50,000 shares, at a stock price of $5.59. This transaction occurred on 2016-08-17 totals $279000.5. After this transaction, the insider’s stake stands at 246,269 shares, with a market value of $1337241.
Executives hold 4.88 percent of the stock. Tom L. Ward is one of the biggest insider owners in Chesapeake Energy Corporation (NYSE:CHK), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 14,043,820 shares which have current market value of around $76257942.6.Archie W. Dunham is another major inside shareholder in the company. The insider owns 4,137,717 shares as of 0.47%, currently worth $22467803.31. Aubrey K. Mcclendon is ranked as third insider holder of the stock. This insider holds 3,172,436 shares with a market value around $17226327.48 as of recent close.
Chesapeake Energy Corporation (NYSE:CHK) Earnings Outlook
In Chesapeake Energy Corporation (NYSE:CHK)’s latest quarter, EPS moved to $0.09 from $-0.14 in preceding quarter and revenues reached at $2,276.00M compared to $1,622.00M. Analysts had expected Chesapeake Energy Corporation (NYSE:CHK) to post net income of about $-0.03 per share on $2,178.03M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.04 to $0.40. That is compared with the $-0.16 in EPS it reported during the same period a year ago.