Chesapeake Energy Corporation (NYSE:CHK) Stock Upgraded By Oppenheimer


Dallas, Texas 05/27/2014 (FINANCIALSTRENDS) –Oppenheimer’s stock analysts have upped their PT on Chesapeake Energy Corporation (NYSE:CHK) shares from $30.00 to $35.00 in the report that was issued to investors. Currently, the firm has set a rating of “outperform” on the stock. Oppenheimer’s PT suggests the potential upside of 25.22 percent from the current price of the company stock. Recently, other analysts have also weighed on the stock. Analysts at the Ned Davis Research firm have upgraded the CHK shares from a “sell” to a “neutral” rating in their research note to the investors.

 Analyst Speak

 Separately, Jefferies Group analysts have raised their PT on the company shares from $31.00 to $35.00. They currently have a rating of “buy” on the stock. Finally, KLR Group analysts have upgraded the company shares from the rating of “accumulate” to a rating of “buy” in the research note to investors. They currently have a PT of $37.00 on the stock, up from the previous $33.00. Sixteen research-analysts have rated the company stock with a “hold” rating and 7 have assigned a “buy” rating to the stock. The average rating on the company is a “Hold” and the average price target is $28.95.

 Quarterly Earnings

 CHK last posted the quarterly earnings data on May 7th. It reported earnings per share of $0.59 for the quarter, which topped the average analyst projection of $0.48 by $0.11. It reported revenue of $5.05B for the quarter, in comparison to the average projection of $4.52 billion. In the same quarter of the earlier year, Chesapeake Energy Corporation (NYSE:CHK) posted earnings per share of $0.30. Its revenue for the quarter rose 47.4% on a y-o-y basis. Analysts now project that he company will post earnings per share of $2.03 for the current financial year. In separate news, Thomas Ryan, director of the company bought 4,000 shares of company stock in the open market in a transaction dated May 19th.

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