Chesapeake Energy (CHK) Receives a Rating Update from a Top Analyst

In a report released on January 22, Scott Hanold from RBC Capital maintained a Buy rating on Chesapeake Energy (CHKResearch Report), with a price target of $125.00. The company’s shares closed yesterday at $92.23.

According to TipRanks, Hanold is a top 100 analyst with an average return of 21.7% and a 61.65% success rate. Hanold covers the Utilities sector, focusing on stocks such as Matador Resources, Diamondback, and Permian Resources.

Currently, the analyst consensus on Chesapeake Energy is a Strong Buy with an average price target of $138.13, implying a 49.77% upside from current levels. In a report released on January 19, BMO Capital also maintained a Buy rating on the stock with a $115.00 price target.

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Based on Chesapeake Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.16 billion and a net profit of $883 million. In comparison, last year the company earned a revenue of $887 million and had a GAAP net loss of $345 million

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Chesapeake Energy Corp is a US-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. Geographically, the company focuses its exploration, development, acquisition and production efforts in the operating areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana and East Texas (Gulf Coast); Eagle Ford, South Texas; Utica, Southern Appalachian Basin in Ohio; Mid-Continent, Anadarko Basin in northwestern Oklahoma; and Powder River Basin, Stacked pay in Wyoming.

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