Chesapeake Energy Corp. (NYSE:CHK) saw unusually-high trading volume on Thursday . Approximately 27,703,234 shares traded hands 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.

CHK has been the subject of a number of analyst 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 report on Monday, April 25th. Zacks Investment Research raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research report on Thursday, April 14th. KLR Group reissued a “buy” rating and issued a $7.00 price objective on shares of Chesapeake Energy Corp. in a research report on Thursday, June 9th. Citigroup Inc. raised shares of Chesapeake Energy Corp. to a “hold” rating in a research report on Tuesday, April 12th. Finally, Tudor Pickering raised shares of Chesapeake Energy Corp. from a “sell” rating to a “hold” rating and set a $3.86 price objective for the company in a research report on Tuesday, April 12th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Chesapeake Energy Corp. currently has an average rating of “Hold” and a consensus price target of $6.73.

The firm has a 50 day moving average price of $4.41 and a 200 day moving average price of $4.20. The firm’s market capitalization is $2.98 billion.

Chesapeake Energy Corp. (NYSE:CHK) last issued its earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.11 earnings per share. Chesapeake Energy Corp.’s revenue was down 39.3% on a year-over-year basis. On average, equities analysts predict that Chesapeake Energy Corp. will post ($0.31) EPS for the current fiscal year.

Other hedge funds have modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake 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 valued at $3,505,000 after buying an additional 14,470 shares during the period. Nationwide Fund Advisors raised its stake 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 valued at $2,332,000 after buying an additional 63,711 shares during the period. California State Teachers Retirement System raised its stake in shares of 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 valued at $5,048,000 after buying an additional 17,749 shares during the period. Oregon Public Employees Retirement Fund raised its stake 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 valued at $1,089,000 after buying an additional 81,700 shares during the period. Finally, Swiss National Bank raised its stake 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 valued at $4,862,000 after buying an additional 12,200 shares during the period.

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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