Barclays Releases a Sell Rating on Chesapeake Energy

By Austin Angelo

In a report released yesterday, Thomas Driscoll from Barclays maintained a Sell rating on Chesapeake Energy (NYSE: CHK), with a price target of $4. The company’s shares opened today at $5.56.

According to, Driscoll is a 4-star analyst with an average return of 4.2% and a 53.9% success rate. Driscoll covers the Basic Materials sector, focusing on stocks such as Quicksilver Resources Inc, Continental Resources, and Occidental Petroleum.

Chesapeake Energy has an analyst consensus of Hold, with a price target consensus of $6.

Based on Chesapeake Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.48 billion and GAAP net loss of $343 million. In comparison, last year the company earned revenue of $1.7 billion and had a GAAP net loss of $921 million.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHK in relation to earlier this year. Most recently, in June 2015, Brad R. Martin, a Director at CHK bought 10,000 shares for a total of $111,900.

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Chesapeake Energy Corp. engages as a natural gas and oil exploration and production company. It operates through the following segments: Exploration and Production; and Marketing, Gathering and Compression. The Exploration and Production segment focuses on finding and producing natural gas, oil and natural gas liquids. The Marketing, Gathering, and Compression segment deals with the marketing, gathering, and compression of natural gas, oil, and natural gas liquids primarily from Chesapeake-operated wells. The company was founded by Aubrey K. McClendon and Tom L. Ward on May 18, 1989 and is headquartered in Oklahoma City, OK.