Analysts’ ratings for Chesapeake Energy
Almost 65% of the analysts covering Chesapeake Energy (CHK) have rated the stock a “hold.” The average broker target price of $5.72 implies a ~22% return over the next 12 months.
The high and low target prices for CHK stand at $10.00 and ~$1.50, respectively.
Analysts’ recent ratings changes
On June 21, 2017, investment firm Macquarie downgraded CHK from a “neutral” to an “underperform.” In May, Bank of America Merrill Lynch lowered its rating on the stock from a “neutral” to an “underperform.” In February, UBS (OUBS) upgraded CHK from a “sell” to a “neutral.”
CHK is scheduled to release its 2Q17 earnings on August 3. To know what to expect in 2Q17, read Market Realist’s series How Will Chesapeake Energy’s 2Q17 Earnings Affect the Stock.
Continue to the next and final part of this series for our analysis of the short interest trends for Chesapeake Energy stock.