Chesapeake Energy Corporation (NYSE:CHK) Has Just Had Its Target Price Decreased by Analysts at Susquehanna to $5.50


Analysis: Chesapeake Energy Corporation (NYSE:CHK) Upside Target Change Today

In an analyst research report disseminated by Susquehanna on Thursday morning, the firm, Chesapeake Energy Corporation (NYSE:CHK), had their target price downgraded to $5.50. Analusts currently have a solid “Neutral” rating on the stock.

From a total of 26 analysts covering Chesapeake Energy Corporation (NYSE:CHK) stock, 4 rate it a ”Buy”, 8 a “Sell”, and 21 a ”Hold”. This means that 12% of the ratings are positive. The highest target price is $13 while the lowest target price is $5. The mean of all analyst targets is $8.23 with a 85.11% above today’s ($4.97) stock price. Chesapeake Energy Corporation was the topic of 25 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Sterne Agee CRT downgraded shares on November 17 to “Neutral” rating. BMO Capital Markets maintained shares with “Market Perform” rating and $9.0 target share price in a report from a September 4. SunTrust maintained CHK stock in a recent report from October 19 with “Buy” rating. RBC Capital Markets maintained the rating on August 11. RBC Capital Markets has a “Sector Perform” rating and a $14 price target on shares. Finally, Citigroup maintained the stock with “Neutral” rating in a report issued on a September 14.

Approximately 24.35M shares of stock traded hands or 11.95% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has declined 65.00% since April 30, 2015 and is downtrending. It has underperformed by 64.71% the S&P500.

Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids in the United States. The company has a market cap of $3.65 billion. The Firm operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. It currently has negative earnings. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

According to Zacks Investment Research, “Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia.” Get a free copy of the Zacks research report on Chesapeake Energy Corporation (CHK).