Analysts’ recommendations for Chesapeake Energy

Following Chesapeake Energy’s (CHK) 4Q15 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.

What Do Analysts Recommend for Chesapeake Going Forward?

Consensus rating for Chesapeake Energy

Approximately 10% of analysts have rated CHK as a “buy,” ~58% have rated it as a “hold,” and ~32% have rated it as a “sell.” The average broker target price of $4.17 for CHK implies a return of around 55% over the next 12 months.

Upstream peers WPX Energy (WPX), QEP Resources (QEP), and Gulfport Energy (GPOR) have average broker target prices of $7.7, $16.5, and ~$34, respectively. These figures imply returns of ~96%, 65%, and 31%, respectively, in the next 12 months.

The high, low, and median analyst target prices for Chesapeake Energy are $10, $0.5, and $4, respectively.

Chesapeake Energy is a component of the Energy Select Sector SPDR ETF (XLE). XLE invests ~0.3% of its portfolio in the company.

Analysts’ target prices for CHK

Evercore and Scotia Howard Weil gave CHK two of the most optimistic target prices of $6 and $5, respectively, implying returns of around 123% and 86%, respectively, in the next 12 months.

RBC Capital Markets and Capital One Securities gave CHK lower target prices of $4 and $3.5, respectively, implying returns of around ~49% and 30% in the next 12 months.

Jefferies and Barclays (BCS) gave Chesapeake Energy two of its lowest target prices of $2 and $1, respectively. These prices imply negative returns of ~26% and 63%, respectively, over the next year.

For a detailed overview of Chesapeake Energy, read Will Chesapeake Energy Succumb to an Energy-Driven Debt Crisis?

Latest articles

Apple Arcade (AAPL) is a subscription gaming service that was unveiled at Apple’s annual event last week. The service will launch on September 19.

Cannabis legalization is gaining traction not only in the US but also globally. The third presidential Democratic debate was held on September 12.

Google has agreed to make a one-time settlement of over $945 million euros to the French ministry. The ministry accused Google of evading taxes.

In Q4 2018, legendary investor George Soros sold all his holding in Apple (AAPL). In Q3 2018, Apple represented around 0.2% of his total portfolio.

Jim Chanos, the founder and president of Kynikos Associates, is a long-time short-seller of Tesla stock. Tesla stock has fallen 17.5% in the last year.

Despite Aurora Cannabis's subdued results, Cowen initiated coverage on five cannabis stocks: CRLBF, GTBIF, CURLF, MMNFF, and ACRGF.