Chesapeake Energy Corp. (NYSE:CHK) shares shot up 3.5% on Tuesday . The stock traded as high as $5.34 and last traded at $5.32, with a volume of 30,932,293 shares traded. The stock had previously closed at $5.14.

Several research firms have weighed in on CHK. Vetr cut Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 price objective on the stock. in a research report on Wednesday, April 27th. Zacks Investment Research cut Chesapeake Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Johnson Rice upgraded Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research report on Tuesday. Piper Jaffray Cos. upgraded Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 price objective on the stock in a research report on Tuesday, July 12th. Finally, KLR Group reiterated a “buy” rating and set a $7.00 price objective on shares of Chesapeake Energy Corp. in a research report on Thursday, June 9th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.57.

The firm has a 50 day moving average price of $4.52 and a 200 day moving average price of $4.21. The firm’s market capitalization is $3.60 billion.

Chesapeake Energy Corp. (NYSE:CHK) last released its earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm posted $0.11 earnings per share. Chesapeake Energy Corp.’s revenue for the quarter was down 39.3% on a year-over-year basis. Analysts anticipate that Chesapeake Energy Corp. will post ($0.33) EPS for the current year.

A number of institutional investors recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its position in 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. 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 valued at $4,862,000 after buying an additional 12,200 shares during the period. Rhumbline Advisers increased its position 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 valued at $3,220,000 after buying an additional 29,328 shares during the period. 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 valued at $11,228,000 after buying an additional 305,000 shares during the period. Finally, 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 valued at $22,578,000 after buying an additional 2,154,181 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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