Chesapeake Energy Corp. (NYSE:CHK) fell 5.4% during trading on Wednesday . The company traded as low as $5.50 and last traded at $5.59, with a volume of 43,550,835 shares changing hands. The stock had previously closed at $5.91.

A number of brokerages recently commented on CHK. Vetr downgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 price objective for the company. in a research report on Wednesday, April 27th. Barclays PLC set a $3.00 price objective on shares of Chesapeake Energy Corp. and gave the company an “underweight” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Tuesday, July 5th. Jefferies Group raised their price objective on shares of Chesapeake Energy Corp. from $3.00 to $4.00 and gave the company an “underperform” rating in a research report on Friday, August 5th. Finally, Deutsche Bank AG reduced their price objective on shares of Chesapeake Energy Corp. from $7.00 to $4.00 and set a “hold” rating for the company in a research report on Tuesday, June 14th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $6.29.

The firm’s market cap is $4.35 billion. The firm’s 50-day moving average is $4.82 and its 200-day moving average is $4.40.

Chesapeake Energy Corp. (NYSE:CHK) last released its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.03. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.91 billion. Chesapeake Energy Corp.’s revenue for the quarter was down 53.9% compared to the same quarter last year. Equities research analysts forecast that Chesapeake Energy Corp. will post ($0.21) earnings per share for the current fiscal year.

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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