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Chesapeake Energy Stock: Will the Upward Movement Continue?

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Part 3
Chesapeake Energy Stock: Will the Upward Movement Continue? PART 3 OF 4

Chesapeake Energy: Most Analysts Gave It a ‘Hold’ Rating

Analysts’ ratings for Chesapeake Energy

Around 65.5% of the Wall Street analysts covering Chesapeake Energy (CHK) have rated it as a “hold.” The stock’s average broker target price of $4.81 implies an ~19% return for the stock in the next year.

The highest and lowest broker target prices provided for Chesapeake Energy stock stand at $8.00 and ~$1.50, respectively.

Chesapeake Energy: Most Analysts Gave It a &#8216;Hold&#8217; Rating

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Recent rating changes

Macquarie downgraded Chesapeake Energy from “neutral” to “underperform” on June 21, 2017. Earlier this year, Bank of America Merrill Lynch lowered its rating for the stock to “underperform” from “neutral.” In February, UBS (OUBS) upgraded Chesapeake Energy from “sell” to “neutral.”

Read How Would You Play Chesapeake Energy? Part 2 and Gamble or Scramble: How Would You Play Chesapeake Energy? to learn more about Chesapeake Energy.

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