Consensus ratings for Chesapeake Energy
About 68% of analysts have rated Chesapeake Energy (CHK) a “hold.” The average broker target price of $7.65 implies an ~11% return over the next 12 months. Chesapeake Energy’s high target price is $11.00, and its low target price is ~$2.50.
Recent upgrades and downgrades for CHK stock
In December 2016, Mizuho initiated coverage on Chesapeake Energy (CHK). The most recent upgrade on CHK stock was in November 2016, when it was upgraded from “underperform” to “hold” by Jefferies.
Chesapeake’s peer Antero Resources (AR) was also recently upgraded. Raymond James and Piper Jaffray upgraded their ratings for Antero Resources on January 3 and January 13, 2017, respectively. Piper Jaffray upgraded its rating from “neutral to overweight,” and Raymond James upgraded its rating from “outperform” to “strong buy.”
Analysts’ forecasts for 4Q16
For 4Q16, analysts have projected an average earnings estimate of $0.08 per share for CHK. The low estimate stands at ~$0.02 per share, while the high estimate stands at $0.25 per share. The average revenue estimate for CHK is ~$2.1 billion for 4Q16, whereas the low revenue estimate stands at ~$2.0 billion. The high revenue estimate is ~$2.2 billion.
Please read Chesapeake Energy Stock Rose 1.7% after Its 3Q16 Earnings to see how CHK performed in 3Q16.