Shares of Chesapeake Energy Corp. (NYSE:CHK) were up 2.3% during mid-day 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 traded. The stock had previously closed at $4.42.

Several analysts have issued reports on CHK shares. Vetr lowered Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $6.62 target price for the company. 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 target price for the company 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 target price for the company in a research note on Tuesday, July 5th. Seven investment analysts have rated the stock with a sell rating, twelve have given 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 an average rating of “Hold” and a consensus target price of $6.73.

The stock has a 50-day moving average price of $4.42 and a 200-day moving average price of $4.20. The stock’s market capitalization is $3.03 billion.

Chesapeake Energy Corp. (NYSE:CHK) last released its quarterly earnings data on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The firm earned $1.95 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue was down 39.3% compared to the same quarter last year. Analysts forecast that Chesapeake Energy Corp. will post ($0.31) EPS for the current year.

Other institutional investors recently made changes to their positions in the company. Nationwide Fund Advisors boosted 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 period. Rhumbline Advisers boosted 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 period. State Board of Administration of Florida Retirement System boosted 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 period. Swiss National Bank boosted 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 period. Finally, California State Teachers Retirement System boosted its position 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 worth $5,048,000 after buying an additional 17,749 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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