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Chesapeake Energy: Analysts’ Recommendations for the Stock

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Consensus ratings for Chesapeake Energy

About 67% of analysts have rated Chesapeake Energy (CHK) a “hold.” The average broker target price of $7.63 implies a return of ~14% over the next 12 months.

Chesapeake Energy’s (CHK) high target price is $11, and its low target price is ~$2.5.

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Recent upgrades and downgrades for CHK stock

In December 2016, Mizuho initiated coverage on CHK. The most recent upgrade on CHK’s stock was in November 2016, when it was upgraded from “underperform” to “hold” by Jefferies.

Recently, Piper Jaffrey and Raymond James upgraded their ratings for Antero Resources (AR) on January 13, 2017, and January 3, 2017, respectively. Piper Jaffrey 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 $0.09 per share for CHK. The low estimate stands at around -$0.03 per share, while the high estimate stands at $0.40 per share. The average revenue estimate for CHK is ~$2.1 billion for 4Q16, whereas the low revenue estimate stands at ~$2.02 billion. The high revenue estimate is ~$2.2 billion.

Read Chesapeake Energy Stock Rose 1.7% after Its 3Q16 Earnings to see how CHK performed in 3Q16.

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