BMO Capital Keeps a Hold Rating on Chesapeake Energy

By Austin Angelo

BMO Capital analyst Randy Ollenberger reiterated a Hold rating on Chesapeake Energy (NYSE: CHK) yesterday and set a price target of $3. The company’s shares closed yesterday at $4.67, close to its 52-week high of $8.20.

According to, Ollenberger is ranked 0 out of 5 stars with an average return of -11.2% and a 25.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Spectra Energy Partners.

Chesapeake Energy has an analyst consensus of Hold, with a price target consensus of $6.45.

Based on Chesapeake Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.43 billion and quarterly net profit of $139 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 60 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.

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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.