Around 65.5% of the Wall Street analysts covering Chesapeake Energy (CHK) rated it as a “hold,” while ~10.3% of the analysts rated it as a “buy.”
The average broker target price of $4.64 for the stock implies a potential return of ~20.8% in the next 12 months.
The highest and lowest target prices provided for Chesapeake Energy stock were $8.00 and ~$1.50, respectively.
Recent upgrades and downgrades
On October 10, Chesapeake Energy stock received a downgrade from Jefferies. It downgraded the stock to “underperform” from “hold.” In September, Imperial Capital initiated coverage on Chesapeake Energy stock with an “in-line” rating.
In June, Macquarie downgraded Chesapeake Energy stock to “underperform.”
In May, Bank of America Merrill Lynch (BAC) lowered its rating for Chesapeake Energy stock to “underperform.”
In February, UBS upgraded Chesapeake Energy to “neutral” from “sell.”