What Wall Street Analysts Recommend for Chesapeake Energy
Aug. 18 2020, Updated 6:27 a.m. ET
Analysts’ ratings for Chesapeake Energy
Around 65.5% of the Wall Street analysts covering Chesapeake Energy (CHK) have rated it as a “hold.” Approximately 9% of the analysts have rated the stock as a “strong buy,” while ~12% have rated it as a “buy.”
The average broker target price of $4.77 for the stock implies an ~11% return in the next 12 months. The highest and lowest broker target prices for Chesapeake Energy stock are $8.00 and ~$1.50, respectively.
Recent rating changes for CHK stock
On September 19, 2017, Imperial Capital initiated coverage on CHK stock with an “in-line” rating. Earlier in June, Macquarie downgraded CHK’s ratings from “neutral” to “underperform.” At the beginning of the year, Bank of America Merrill Lynch lowered its rating for CHK stock from “neutral” to “underperform.” In February, UBS (OUBS) upgraded Chesapeake Energy to “neutral” from a “sell” rating.
