Siebert Williams Shank & Co Reaffirms Their Buy Rating on Chesapeake Energy (CHK)

Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Buy rating on Chesapeake Energy (CHKResearch Report) today and set a price target of $120.00. The company’s shares closed yesterday at $78.04.

Sorbara covers the Utilities sector, focusing on stocks such as Matador Resources, Chesapeake Energy, and Ovintiv. According to TipRanks, Sorbara has an average return of 9.5% and a 42.83% success rate on recommended stocks.

In addition to Siebert Williams Shank & Co, Chesapeake Energy also received a Buy from Bank of America Securities’s Doug Leggate in a report issued today. However, on February 8, Citigroup initiated coverage with a Hold rating on Chesapeake Energy (NASDAQ: CHK).

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CHK market cap is currently $10.73B and has a P/E ratio of 3.86.

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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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