Shares of Chesapeake Energy Corp. (NYSE:CHK) fell 5% during mid-day trading on Monday . The stock traded as low as $5.00 and last traded at $5.12, with a volume of 39,192,916 shares changing hands. The stock had previously closed at $5.39.

Several brokerages have issued reports on CHK. Vetr downgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 price target on the stock. in a report on Wednesday, April 27th. Zacks Investment Research downgraded shares of Chesapeake Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 26th. Citigroup Inc. raised shares of Chesapeake Energy Corp. to a “hold” rating in a report on Tuesday, April 12th. Royal Bank Of Canada downgraded shares of Chesapeake Energy Corp. from a “sector perform” rating to an “underperform” rating and upped their price target for the company from $4.97 to $5.00 in a report on Thursday, June 9th. They noted that the move was a valuation call. Finally, KLR Group reaffirmed a “buy” rating and issued a $7.00 price target on shares of Chesapeake Energy Corp. in a report on Thursday, June 9th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Chesapeake Energy Corp. has a consensus rating of “Hold” and an average price target of $6.57.

The company’s 50-day moving average price is $4.49 and its 200-day moving average price is $4.22. The company’s market cap is $3.46 billion.

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 (EPS) for the quarter, meeting the consensus estimate of ($0.10). During the same period in the prior year, the business earned $0.11 EPS. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.55 billion. The company’s revenue for the quarter was down 39.3% compared to the same quarter last year. Analysts predict that Chesapeake Energy Corp. will post ($0.33) earnings per share for the current fiscal year.

Other large investors have made changes to their positions in the company. 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 in the last quarter. Swiss National Bank increased its stake 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. Rhumbline Advisers increased its stake in 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 in the last quarter. California Public Employees Retirement System increased its stake 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, OppenheimerFunds Inc. increased its stake 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.

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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