From Schaeffer's Research:
...CHK was downgraded to "market perform" from "outperform" at BMO this morning, as the company prepares to reveal second-quarter earnings later today. Currently, the stock is sitting on a year-over-year decline of roughly 42%, so it's no surprise that puts are the options of choice. The Schaeffer's put/call open interest ratio (SOIR) stands at 1.50, with puts comfortably outnumbering calls among the front three-months' series of options. This ratio arrives in the 79th annual percentile of its annual range, confirming that near-term options players are more put-heavy toward the equity than usual....And from Daily Political:
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Chesapeake Energy from $20.00 to $23.00 in a research note to investors on Monday, July 16th. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chesapeake Energy in a research note to investors on Tuesday, June 26th. They now have a $18.00 price target on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of Chesapeake Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, June 13th. They now have a $21.00 price target on the stock.Finally, Benzinga:
Analysts are expecting Chesapeake Energy (NYSE: CHK) to have earned $0.08 per share on revenue of $2.5 billion in its latest quarter.