Chesapeake Energy Corp. (NYSE:CHK) dropped 3.2% during mid-day trading on Tuesday . The company traded as low as $4.83 and last traded at $4.85, with a volume of 27,927,739 shares trading hands. The stock had previously closed at $5.01.

CHK has been the subject of a number of recent research reports. Tudor Pickering upgraded Chesapeake Energy Corp. from a “sell” rating to a “hold” rating and set a $3.86 price target for the company in a research note on Tuesday, April 12th. Citigroup Inc. raised Chesapeake Energy Corp. to a “hold” rating in a research report on Tuesday, April 12th. Vetr cut Chesapeake Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $6.42 price objective on the stock. in a research report on Tuesday, April 12th. Finally, Zacks Investment Research raised Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Thursday, April 14th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.66.

The stock’s market cap is $3.69 billion. The stock has a 50-day moving average price of $4.70 and a 200-day moving average price of $4.32.

Chesapeake Energy Corp. (NYSE:CHK) last released its earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.03. The firm earned $1.62 billion during the quarter, compared to analyst estimates of $1.91 billion. Chesapeake Energy Corp.’s quarterly revenue was down 53.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.11) EPS. On average, analysts forecast that Chesapeake Energy Corp. will post ($0.38) earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Chesapeake Energy Corp. stock. Marshall Wace LLP bought a new stake in shares of Chesapeake Energy Corp. (NYSE:CHK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,976,736 shares of the oil and gas exploration company’s stock, valued at approximately $13,395,000. Marshall Wace LLP owned about 0.45% of Chesapeake Energy Corp. as of its most recent filing with the SEC.

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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