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What Analysts Recommend for Chesapeake Energy

Keisha Bandz - Author
By

Nov. 7 2017, Updated 7:32 a.m. ET

Analysts’ recommendations

Approximately 65.5% of the analysts covering Chesapeake Energy (CHK) stock have rated it as a “hold.” The average target price of $4.64 implies a potential return of ~27% in the next 12 months.

The high and low target prices provided by analysts for Chesapeake Energy stock were $8 and $1.50, respectively.

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Recent rating changes

Chesapeake Energy received a downgrade from Jefferies on October 10. It downgraded the stock to “underperform” from “hold.”

On September 19, Imperial Capital initiated coverage for CHK stock with an “in-line” rating.

Earlier in June this year, Macquarie lowered its rating for CHK stock, giving it an “underperform” rating. A month ago, Bank of America had lowered Chesapeake Energy’s ratings to “underperform.” In February, UBS upgraded Chesapeake Energy to “neutral.”

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