5 Most Promising Energy Stocks According to Analysts

1. Chesapeake Energy Corporation (NYSE:CHK)

Number of Hedge Fund Holders: 58

One-Year Average Price Target: 123.60

Chesapeake Energy Corporation (NYSE:CHK) ranks 1st in our list of the most promising energy stocks according to analysts. Chesapeake Energy Corporation (NYSE:CHK) recently posted its Q4 results. Adjusted EPS in the quarter totaled $4.22, beating estimates by $1.32.  Adjusted EBITDAX came in at $1,032 million, while free cash flow totaled $526 million. Chesapeake Energy Corporation (NYSE:CHK) also announced that it will pay a quarterly dividend of $1.29 per common share in March.

As of the end of the fourth quarter of 2022, 58 hedge funds reported owning stakes in Chesapeake Energy Corporation (NYSE:CHK), according to Insider Monkey’s database of 943 hedge fund holdings. The biggest hedge fund stakeholder of Chesapeake Energy Corporation (NYSE:CHK) during this period was William B. Gray’s Orbis Investment Management which owns a $304 million stake in the company.

Carillon Tower Advisers made the following comment about Chesapeake Energy Corporation (NASDAQ:CHK) in its Q3 2022 investor letter:

“Chesapeake Energy Corporation (NASDAQ:CHK), a natural gas exploration and production company, emerged from bankruptcy with little fanfare in 2021, despite having rid itself of its debt burden and onerous pipeline contracts. The company was able to make two large acquisitions at very reasonable prices within its core producing areas, allowing for scale and cost savings. Then in 2022, natural gas prices began to rise well above expectations, increasing the value of Chesapeake’s large natural gas resources and production and contributing to its outperformance.”

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