Chesapeake Energy Corp. (NYSE:CHK) fell 5% during trading on Monday . The stock traded as low as $5.13 and last traded at $5.15, with a volume of 24,081,493 shares traded. The stock had previously closed at $5.42.

Several research firms recently commented on CHK. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Wednesday, July 27th. Johnson Rice upgraded shares of Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research report on Tuesday, July 26th. Tudor Pickering upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Simmons upgraded shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 target price on the stock in a research report on Tuesday, July 12th. Finally, Piper Jaffray Cos. upgraded shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 target price on the stock in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Energy Corp. has a consensus rating of “Hold” and a consensus price target of $6.63.

The company’s market capitalization is $3.43 billion. The stock has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.26.

Chesapeake Energy Corp. (NYSE:CHK) last announced its quarterly earnings data on Thursday, May 5th. The oil and gas exploration company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 period last year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 39.3% compared to the same quarter last year. Analysts forecast that Chesapeake Energy Corp. will post ($0.32) EPS for the current fiscal year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. 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 worth $2,332,000 after buying an additional 63,711 shares in the last quarter. 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 worth $3,220,000 after buying an additional 29,328 shares in the last quarter. 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, Marshall Wace LLP purchased a new position in Chesapeake Energy Corp. during the fourth quarter worth approximately $13,395,000.

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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