Chesapeake Energy Corp. (NYSE:CHK) shares saw unusually-strong trading volume on Thursday . Approximately 41,858,837 shares traded hands during trading, an increase of 34% from the previous session’s volume of 31,279,955 shares.The stock last traded at $4.96 and had previously closed at $4.74.

A number of research analysts have issued reports on CHK shares. Vetr raised shares of Chesapeake Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $4.99 target price for the company in a research note on Tuesday, May 10th. Tudor Pickering raised shares of Chesapeake Energy Corp. from a “sell” rating to a “hold” rating and set a $3.86 target price for the company in a research note on Tuesday, April 12th. Piper Jaffray Cos. upgraded shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 price target on the stock in a research report on Tuesday, July 12th. Credit Suisse Group AG restated a “neutral” rating on shares of Chesapeake Energy Corp. in a research report on Friday, May 13th. Finally, Argus restated a “hold” rating on shares of Chesapeake Energy Corp. in a research report on Thursday, June 23rd. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.73.

The stock’s market capitalization is $3.35 billion. The stock has a 50 day moving average of $4.45 and a 200-day moving average of $4.21.

Chesapeake Energy Corp. (NYSE:CHK) last announced its quarterly earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The firm earned $1.95 billion during the quarter, compared to analyst estimates of $2.55 billion. The business’s revenue was down 39.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. On average, analysts anticipate that Chesapeake Energy Corp. will post ($0.32) earnings per share for the current year.

A number of hedge funds recently made changes to their positions in the company. 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 valued at $226,371,000 after buying an additional 5,826,425 shares during the period. Marshall Wace LLP bought a new stake in shares of Chesapeake Energy Corp. during the fourth quarter valued at approximately $13,395,000. 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 valued at $22,578,000 after buying an additional 2,154,181 shares during the period. 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 valued at $11,228,000 after buying an additional 305,000 shares during the period. Finally, Nationwide Fund Advisors increased 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.

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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