Chesapeake Energy Corp. (NYSE:CHK) was up 8.6% during mid-day trading on Tuesday . The company traded as high as $4.56 and last traded at $4.54, with a volume of 27,787,774 shares trading hands. The stock had previously closed at $4.18.

A number of equities research analysts recently issued reports on CHK shares. Vetr raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.47 price target on the stock in a research note on Monday, April 25th. Piper Jaffray Cos. raised shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating in a research note on Tuesday. Citigroup Inc. raised shares of Chesapeake Energy Corp. to a “hold” rating in a research note on Tuesday, April 12th. Deutsche Bank AG decreased their price target on shares of Chesapeake Energy Corp. from $7.00 to $4.00 and set a “hold” rating on the stock in a research note on Tuesday, June 14th. Finally, Zacks Investment Research raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Tuesday, July 5th. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.20.

The firm’s 50-day moving average is $4.36 and its 200-day moving average is $4.20. The stock’s market capitalization is $3.08 billion.

Chesapeake Energy Corp. (NYSE:CHK) last announced its earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.55 billion. The business’s quarterly revenue was down 39.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, equities research analysts anticipate that Chesapeake Energy Corp. will post ($0.32) earnings per share for the current year.

Other large investors recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Chesapeake Energy Corp. during the fourth quarter valued at approximately $13,395,000. Harris Associates L P increased its stake in Chesapeake Energy Corp. by 13.1% in the fourth quarter. Harris Associates L P now owns 50,304,650 shares of the oil and gas exploration company’s stock valued at $226,371,000 after buying an additional 5,826,425 shares in the last quarter. South Dakota Investment Council increased its stake in Chesapeake Energy Corp. by 4.3% in the fourth quarter. South Dakota Investment Council now owns 5,266,867 shares of the oil and gas exploration company’s stock valued at $23,701,000 after buying an additional 215,500 shares in the last quarter. OppenheimerFunds Inc. increased its stake in Chesapeake Energy Corp. by 75.1% in the fourth quarter. OppenheimerFunds Inc. now owns 5,021,633 shares of the oil and gas exploration company’s stock valued at $22,578,000 after buying an additional 2,154,181 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Chesapeake Energy Corp. by 13.9% in the fourth quarter. California Public Employees Retirement System now owns 2,495,074 shares of the oil and gas exploration company’s stock valued at $11,228,000 after buying an additional 305,000 shares in 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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