Chesapeake Energy Corp. (NYSE:CHK)’s share price traded down 1.7% during trading on Monday . The stock traded as low as $4.17 and last traded at $4.17, with a volume of 21,825,697 shares changing hands. The stock had previously closed at $4.24.

Several equities analysts have commented on the company. Vetr downgraded Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $3.97 price objective on the stock. in a research report on Monday, May 23rd. Wunderlich reiterated a “hold” rating and issued a $6.00 target price on shares of Chesapeake Energy Corp. in a report on Thursday, May 26th. Argus reiterated a “hold” rating on shares of Chesapeake Energy Corp. in a report on Thursday, June 23rd. Zacks Investment Research upgraded Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Thursday, April 14th. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of Chesapeake Energy Corp. in a report on Friday, May 13th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.22.

The company’s market cap is $2.82 billion. The company has a 50 day moving average of $4.36 and a 200-day moving average of $4.20.

Chesapeake Energy Corp. (NYSE:CHK) last posted its earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). During the same period in the previous year, the company posted $0.11 EPS. The company earned $1.95 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Chesapeake Energy Corp.’s quarterly revenue was down 39.3% compared to the same quarter last year. On average, equities research analysts predict that Chesapeake Energy Corp. will post ($0.33) EPS for the current year.

A number of large investors recently bought and sold shares of CHK. State Board of Administration of Florida Retirement System raised its stake in Chesapeake Energy Corp. by 1.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 778,908 shares of the oil and gas exploration company’s stock worth $3,505,000 after buying an additional 14,470 shares during the last quarter. Nationwide Fund Advisors raised its stake in Chesapeake Energy Corp. by 14.0% in the fourth quarter. Nationwide Fund Advisors now owns 518,183 shares of the oil and gas exploration company’s stock worth $2,332,000 after buying an additional 63,711 shares during the last quarter. California State Teachers Retirement System raised its stake in Chesapeake Energy Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,121,755 shares of the oil and gas exploration company’s stock worth $5,048,000 after buying an additional 17,749 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Chesapeake Energy Corp. by 51.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 241,905 shares of the oil and gas exploration company’s stock worth $1,089,000 after buying an additional 81,700 shares during the last quarter. Finally, Korea Investment CORP raised its stake in Chesapeake Energy Corp. by 11.6% in the fourth quarter. Korea Investment CORP now owns 317,700 shares of the oil and gas exploration company’s stock worth $1,429,000 after buying an additional 32,900 shares during the last quarter.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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