UBS AG Reiterates Neutral on Chesapeake Energy (CHK)

By admin | 6 years ago

Chesapeake Energy (NYSE: CHK)‘s stock had its “neutral” rating reaffirmed by UBS AG (NYSE: UBS) in a research note issued on Wednesday.

A number of other analysts have also recently weighed in on CHK. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Chesapeake Energy from $29.00 to $22.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Ladenburg Thalmann downgraded shares of Chesapeake Energy from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $20.00 price target on the stock, down previously from $32.00. Finally, analysts at Robert W. Baird downgraded shares of Chesapeake Energy from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $22.00 price target on the stock, down previously from $30.00.

Chesapeake Energy traded up 2.21% on Wednesday, hitting $17.11. Chesapeake Energy has a 1-year low of $16.72 and a 1-year high of $35.75. The company has a market cap of $10.947 billion and a price-to-earnings 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. 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.

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