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

A number of equities research analysts have weighed in on CHK shares. Vetr cut shares of Chesapeake Energy Corp. from a “hold” rating to a “sell” rating and set a $6.52 price target for the company. in a research report on Wednesday, April 27th. Zacks Investment Research cut shares of Chesapeake Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 26th. S&P Equity Research reiterated a “hold” rating on shares of Chesapeake Energy Corp. in a research report on Thursday. Deutsche Bank AG lifted their price target on shares of Chesapeake Energy Corp. from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Capital One Financial Corp. upgraded shares of Chesapeake Energy Corp. from an “underweight” rating to an “equal weight” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.34.

The stock’s market cap is $4.60 billion. The stock’s 50-day moving average is $4.89 and its 200 day moving average is $4.42.

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

In other news, Director Thomas L. Ryan acquired 50,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was bought at an average price of $5.59 per share, with a total value of $279,500.00. Following the completion of the transaction, the director now directly owns 246,269 shares of the company’s stock, valued at $1,376,643.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.