Chesapeake Energy Gets a Hold Rating from BMO Capital

By Austin Angelo

BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Chesapeake Energy (NYSE: CHK) today and set a price target of $6. The company’s shares closed last Friday at $5.63.

According to, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Chesapeake Energy is Hold and the average price target is $7, representing a 24.3% upside.

In a report issued on May 4, Scotiabank also maintained a Hold rating on the stock with a $6 price target.

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 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.