Chesapeake Energy Corp. (NYSE:CHK) shares saw an uptick in trading volume on Thursday . 41,858,837 shares were traded 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 brokerages recently issued reports on CHK. Vetr cut shares of Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 price objective for the company. in a report on Wednesday, April 27th. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Tuesday, July 5th. Citigroup Inc. upgraded shares of Chesapeake Energy Corp. to a “hold” rating in a report on Tuesday, April 12th. Deutsche Bank AG reduced their price target on shares of Chesapeake Energy Corp. from $7.00 to $4.00 and set a “hold” rating for the company in a report on Tuesday, June 14th. Finally, Jefferies Group assumed coverage on shares of Chesapeake Energy Corp. in a report on Monday, June 20th. They issued an “underperform” rating and a $3.00 price target for the company. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given 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 a consensus price target of $6.57.

The firm’s market cap is $3.63 billion. The company’s 50-day moving average is $4.49 and its 200-day moving average is $4.22.

Chesapeake Energy Corp. (NYSE:CHK) last posted 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 had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Chesapeake Energy Corp.’s revenue was down 39.3% compared to the same quarter last year. Analysts anticipate that Chesapeake Energy Corp. will post ($0.31) EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the company. Harris Associates L P increased its position 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 worth $226,371,000 after buying an additional 5,826,425 shares in the last quarter. OppenheimerFunds Inc. increased its position 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 worth $22,578,000 after buying an additional 2,154,181 shares in the last quarter. Marshall Wace LLP purchased a new position in Chesapeake Energy Corp. during the fourth quarter worth about $13,395,000. California Public Employees Retirement System increased its position 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 worth $11,228,000 after buying an additional 305,000 shares in the last quarter. Finally, Swiss National Bank increased its position in 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 in 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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