Analysts Advise About Chesapeake Energy Corporation (NYSE:CHK)
Chesapeake Energy Corporation (NYSE:CHK) stock is presently standing at about $5.33 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 29 analysts covering the company is $7.50, which suggests the stock could still rise over 29 percent. The highest analyst price target is $11.00, which implies a rally of -6 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 23 equity research firms advocating a Hold and 1 consider it Sell.
UBS analysts provided their view on Chesapeake Energy Corporation (NYSE:CHK) recently. The rating firm issued a Neutral rating to this company in a research note released on Feb 24, 2017. Mizuho analysts disclosed their opinion on Chesapeake Energy Corporation (NYSE:CHK) recently. The rating firm gave a Neutral rating to this stock in a research note published on Dec 20, 2016. According to a research note disclosed on Nov 10, 2016, analysts at Jefferies have upped their rating on these shares from Underperform to Hold.
Chesapeake Energy Corporation (NYSE:CHK) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director DUNHAM ARCHIE W Purchased 500,000 company shares for 2620000, in a transaction on 2017-03-08. Following the transaction, the Director is left with a stake of 4,637,717 shares, currently valued at $24719032. Meanwhile, Director RYAN THOMAS L purchased 50,000 shares worth $269500, through a transaction dated 2017-03-03. Following the completion of the transaction, the insider is left with a stake of 313,554 shares, amounting $1671242.82. CHK Director DUNHAM ARCHIE W also purchased 1,000,000 shares, at a stock price of $6.67. This transaction occurred on 2016-09-20 totals $6670000. After this transaction, the insider’s stake stands at 4,127,951 shares, with a market value of $22001979.
Executives hold 3.68 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 $74853560.6.Archie W. Dunham is another major inside shareholder in the company. The insider owns 4,137,717 shares as of 0.46%, currently worth $22054031.61. Aubrey K. Mcclendon is ranked as third insider holder of the stock. This insider holds 3,172,436 shares with a market value around $16909083.88 as of recent close.
Chesapeake Energy Corporation (NYSE:CHK) Earnings Outlook
In Chesapeake Energy Corporation (NYSE:CHK)’s latest quarter, EPS moved to $0.07 from $0.09 in preceding quarter and revenues reached at $2,021.00M compared to $2,276.00M. Analysts had expected Chesapeake Energy Corporation (NYSE:CHK) to post net income of about $0.07 per share on $2,081.38M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.08 to $0.31. That is compared with the $-0.10 in EPS it reported during the same period a year ago.