In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co reiterated a Buy rating on Chesapeake Energy (CHK – Research Report), with a price target of $144.00. The company’s shares closed yesterday at $88.82.
According to TipRanks, Sorbara is a 5-star analyst with an average return of 10.6% and a 45.44% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Denbury, Diamondback, and PDC Energy.
Currently, the analyst consensus on Chesapeake Energy is a Strong Buy with an average price target of $141.22, representing a 59.00% upside. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $130.00 price target.
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CHK market cap is currently $11.9B and has a P/E ratio of 4.39.
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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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