Analysts’ recommendations for Chesapeake Energy
Approximately 22% of analysts rate Chesapeake Energy (CHK) as a “buy” and 59% rate it as a “hold.” The remaining ~19% rate it as a “sell.” The average broker target price of $8.18 for Chesapeake Energy implies a return of ~9.3% in the next 12 months.
Analysts’ high and low target prices for Chesapeake Energy are $14 and $6, respectively. Chesapeake Energy is part of the Guggenheim S&P 500 Equal Weight Energy ETF (RYE). RYE invests 2% of its portfolio in the company.
In comparison, Antero Resources (AR), Cabot Oil and Gas (COG), and Noble Energy (NBL) have average broker target prices of $34.48, $27.95, and $44.81, respectively. These prices imply returns of ~30%, 18%, and ~12%, respectively, in the next 12 months. These companies make up a combined 5.6% of the First Trust Energy AlphaDEX ETF (FXN).
For the latest news on these companies, you can read Deutsche Bank Upgrades AR and RICE to ‘Buy’: Stock Reaction, Has Cabot Oil & Gas Played Its Cards Right? You Decide, and Why Has Noble Energy Been in the News Recently?