Chesapeake Energy (NYSE: CHK) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $25.00 target price on the stock.
Chesapeake Energy opened at 18.44 on Monday. Chesapeake Energy has a 1-year low of $16.78 and a 1-year high of $35.75. The company has a market cap of $11.798 billion and a price-to-earnings ratio of 7.96.
The company last announced its quarterly results on Tuesday, February 21st. It reported $0.58 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.58 EPS. The company’s quarterly revenue was up 38.1% on a year-over-year basis. Analysts expect that Chesapeake Energy will post $0.34 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Chesapeake Energy in a research note to investors on Thursday, April 26th. They now have a $19.00 price target on the stock. Separately, analysts at Wells Fargo & Co. (NYSE: WFC) downgraded shares of Chesapeake Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, April 20th. Finally, analysts at Sterne Agee downgraded shares of Chesapeake Energy from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, April 19th.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company.