Analysts at Barclays Capital (NYSE: BCS) decreased their price target on shares of Chesapeake Energy (NYSE: CHK) from $27.00 to $20.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the stock.
A number of other firms have also recently commented on CHK. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Chesapeake Energy from $38.00 to $31.00 in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity cut their price target on shares of Chesapeake Energy from $35.00 to $26.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Sanford C. Bernstein upgraded shares of Chesapeake Energy from an “underperform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $21.00 price target on the stock.
Chesapeake Energy opened at 17.19 on Thursday. Chesapeake Energy has a 52-week low of $16.70 and a 52-week high of $35.75. The company has a market cap of $10.998 billion and a price-to-earnings ratio of 7.42.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.18 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.28 EPS by $0.10. The company’s quarterly revenue was up 50.1% on a year-over-year basis. Analysts expect that Chesapeake Energy will post $0.33 EPS next quarter.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company.