Shares of Chesapeake Energy Corp. (NYSE:CHK) were up 2.3% during trading on Monday . The stock traded as high as $4.55 and last traded at $4.52, with a volume of 14,178,946 shares. The stock had previously closed at $4.42.

Several analysts recently commented on CHK shares. Vetr downgraded Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $6.62 price objective on the stock. in a research note on Monday, April 18th. Citigroup Inc. raised Chesapeake Energy Corp. to a “hold” rating in a research note on Tuesday, April 12th. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Chesapeake Energy Corp. in a research note on Friday, May 13th. Simmons raised Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 price objective on the stock in a research note on Tuesday, July 12th. Finally, Zacks Investment Research raised Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Tuesday, July 5th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Chesapeake Energy Corp. has an average rating of “Hold” and an average target price of $6.73.

The firm’s 50 day moving average price is $4.41 and its 200-day moving average price is $4.20. The firm’s market capitalization is $3.10 billion.

Chesapeake Energy Corp. (NYSE:CHK) last posted its 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). The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.55 billion. The company’s revenue was down 39.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. Analysts predict that Chesapeake Energy Corp. will post ($0.31) EPS for the current year.

Other large investors have bought and sold shares of the company. Marshall Wace LLP acquired a new stake in Chesapeake Energy Corp. during the fourth quarter valued at approximately $13,395,000. Harris Associates L P increased its stake in shares of 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 worth $226,371,000 after buying an additional 5,826,425 shares during the last quarter. South Dakota Investment Council increased its stake in shares of 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 worth $23,701,000 after buying an additional 215,500 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of 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 worth $22,578,000 after buying an additional 2,154,181 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of 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 worth $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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