Approximately 65.5% of the Wall Street analysts have rated Chesapeake Energy (CHK) stock as a “hold,” while ~10.3% have rated it as a “buy.”
The average target price of $4.50 for the stock implies a potential return of ~5.1% over the next 12 months.
The highest target price provided by any analyst for Chesapeake Energy stock is $8, while the lowest target price is ~$1.50.
Changes in analysts’ ratings this year
On December 12, 2017, Credit Suisse started coverage on Chesapeake Energy stock with an “underperform” rating. In October, Jefferies lowered its rating for Chesapeake Energy stock to “underperform” from a “hold” rating. Imperial Capital initiated coverage on Chesapeake Energy stock in September with an “in-line” recommendation.
In June, Macquarie downgraded Chesapeake Energy stock to an “underperform” rating, while Bank of America Merrill Lynch (BAC) downgraded Chesapeake Energy to an “underperform” rating in May. In February, UBS upgraded Chesapeake Energy to a “neutral” from a “sell” rating.
Chesapeake Energy is a key natural gas player in the US with significant operations in the Appalachian region—the Marcellus Formation and the Utica Shale. To learn more, read Why Appalachia Is Dominating US Natural Gas Production.