Chesapeake Energy (NYSE: CHK) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Wednesday. They currently have a $22.00 target price on the stock, down from their previous target price of $30.00.
Shares of Chesapeake Energy opened at 16.74 on Wednesday. Chesapeake Energy has a 52 week low of $16.72 and a 52 week high of $35.75. The company has a market cap of $10.710 billion and a P/E ratio of 7.23.
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. On average, analysts predict that Chesapeake Energy will post $0.34 earnings per share next quarter.
CHK has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets upgraded shares of Chesapeake Energy from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. They now have a $25.00 price target on the stock. Separately, 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. Finally, 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.
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company.