Chesapeake Energy Corp. (NYSE:CHK)’s share price rose 8.6% during 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. The stock had previously closed at $4.18.

CHK has been the subject of a number of recent research reports. Vetr raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.47 price objective for the company in a research note on Monday, April 25th. Zacks Investment Research raised Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Thursday, April 14th. KLR Group reaffirmed a “buy” rating and set a $7.00 price target on shares of Chesapeake Energy Corp. in a research report on Thursday, June 9th. Citigroup Inc. raised Chesapeake Energy Corp. to a “hold” rating in a research report on Tuesday, April 12th. Finally, Tudor Pickering raised Chesapeake Energy Corp. from a “sell” rating to a “hold” rating and set a $3.86 price target on the stock in a research report on Tuesday, April 12th. Seven 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. Chesapeake Energy Corp. presently has a consensus rating of “Hold” and an average target price of $7.09.

The firm’s market capitalization is $2.93 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 issued its quarterly earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). During the same period last year, the company posted $0.11 EPS. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.55 billion. The business’s revenue for the quarter was down 39.3% on a year-over-year basis. Analysts expect that Chesapeake Energy Corp. will post ($0.34) earnings per share for the current year.

A number of institutional investors recently modified their holdings of CHK. Marshall Wace LLP bought a new position in shares of Chesapeake Energy Corp. during the fourth quarter valued at approximately $13,395,000. Harris Associates L P raised 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 during the last quarter. South Dakota Investment Council raised 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 during the last quarter. OppenheimerFunds Inc. raised 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 during the last quarter. Finally, California Public Employees Retirement System raised 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 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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