Chesapeake Energy Corp. (NYSE:CHK) shares saw an uptick in trading volume on Thursday . 27,703,234 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 31,520,348 shares.The stock last traded at $4.45 and had previously closed at $4.35.

Several brokerages have recently commented on CHK. Vetr lowered Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 target price for the company. in a research report on Wednesday, April 27th. Zacks Investment Research upgraded Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Tuesday, July 5th. Citigroup Inc. upgraded Chesapeake Energy Corp. to a “hold” rating in a research report on Tuesday, April 12th. Deutsche Bank AG decreased their target price on Chesapeake Energy Corp. from $7.00 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, June 14th. Finally, Jefferies Group started coverage on Chesapeake Energy Corp. in a research report on Monday, June 20th. They issued an “underperform” rating and a $3.00 target price for the company. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $7.09.

The stock’s market cap is $3.03 billion. The company’s 50-day moving average price is $4.40 and its 200 day moving average price is $4.20.

Chesapeake Energy Corp. (NYSE:CHK) last announced its quarterly earnings data on Thursday, May 5th. The oil and gas exploration company reported ($0.10) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.10). During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm earned $1.95 billion during the quarter, compared to the consensus estimate of $2.55 billion. The firm’s quarterly revenue was down 39.3% on a year-over-year basis. Analysts forecast that Chesapeake Energy Corp. will post ($0.33) EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently made changes to their positions in CHK. Oregon Public Employees Retirement Fund raised its position in shares of 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. Nationwide Fund Advisors raised its position in shares of 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. Rhumbline Advisers raised its position in shares of Chesapeake Energy Corp. by 4.3% in the fourth quarter. Rhumbline Advisers now owns 715,619 shares of the oil and gas exploration company’s stock worth $3,220,000 after buying an additional 29,328 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of 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. Finally, Swiss National Bank raised its position in shares of Chesapeake Energy Corp. by 1.1% in the fourth quarter. Swiss National Bank now owns 1,080,411 shares of the oil and gas exploration company’s stock worth $4,862,000 after buying an additional 12,200 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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