Shares of Chesapeake Energy Corp. (NYSE:CHK) were down 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 changing hands. The stock had previously closed at $5.42.

Several analysts have commented on CHK shares. Johnson Rice raised Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research note on Tuesday, July 26th. Vetr raised Chesapeake Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $4.99 price objective for the company in a research note on Tuesday, May 10th. Zacks Investment Research raised Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Wednesday, July 27th. Tudor Pickering raised Chesapeake Energy Corp. from a “sell” rating to a “hold” rating and set a $3.86 price objective for the company in a research note on Tuesday, April 12th. Finally, Piper Jaffray Cos. raised Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 price objective for the company in a research note on Tuesday, July 12th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.58.

The firm’s market cap is $3.33 billion. The firm has a 50-day moving average price of $4.61 and a 200 day moving average price of $4.27.

Chesapeake Energy Corp. (NYSE:CHK) last announced its earnings results on Thursday, May 5th. The oil and gas exploration company reported ($0.10) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm earned $0.11 EPS. Chesapeake Energy Corp.’s revenue for the quarter was down 39.3% on a year-over-year basis. On average, equities research analysts expect that Chesapeake Energy Corp. will post ($0.32) earnings per share for the current year.

A number of large investors have recently made changes to their positions in CHK. Marshall Wace LLP purchased a new stake in shares of Chesapeake Energy Corp. during the fourth quarter valued at approximately $13,395,000. Rhumbline Advisers boosted its stake in shares of 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 last quarter. Finally, Nationwide Fund Advisors boosted 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.