Behind the Analyst Estimates for Chesapeake Energy Stock
Approximately 61.3% of the analysts tracking Chesapeake Energy (CHK) have rated the stock a “hold.” CHK’s average broker target price of $4.93 indicates a ~35.4% potential return over the next 12 months.
The highest and lowest target prices provided by brokers for Chesapeake Energy stock were $8 and ~$1.50, respectively.
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Analysts’ ratings changes this year
In June 2017, Macquarie downgraded Chesapeake stock from “neutral” to “underperform.” In May, Bank of America Merrill Lynch lowered the stock to “underperform” from a “neutral” rating.
To know more about Chesapeake Energy, you can read Market Realist’s series Gamble or Scramble: How Would You Play Chesapeake Energy? You might also check out the series How Would You Play Chesapeake Energy? Part 2.