Morgan Stanley analyst Devin McDermott maintained a Hold rating on Chesapeake Energy (NYSE: CHK) today and set a price target of $5.50. The company’s shares closed yesterday at $4.37.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.7% and a 31.8% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Southwestern Energy.
The word on The Street in general, suggests a Hold analyst consensus rating for Chesapeake Energy with a $5.17 average price target.
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The company has a one-year high of $5.60 and a one-year low of $2.53. Currently, Chesapeake Energy has an average volume of 27.1M.
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Chesapeake Energy Corp. engages in acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming.
