Chesapeake Energy Corp. (NYSE:CHK)’s share price dropped 3.2% on Wednesday . The stock traded as low as $6.18 and last traded at $6.30, with a volume of 20,142,697 shares changing hands. The stock had previously closed at $6.51.

A number of equities analysts have weighed in on CHK shares. Johnson Rice upgraded shares of Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a research report on Tuesday, July 26th. Vetr upgraded shares of Chesapeake Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $4.99 target price for the company in a research report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research report on Wednesday, July 27th. 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, August 16th. Finally, Deutsche Bank AG increased their target price on shares of Chesapeake Energy Corp. from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Thursday, August 18th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the stock. Chesapeake Energy Corp. has a consensus rating of “Hold” and a consensus price target of $6.44.

The company’s market cap is $4.87 billion. The firm’s 50 day moving average is $5.37 and its 200-day moving average is $4.68.

Chesapeake Energy Corp. (NYSE:CHK) last posted its earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.03. The business earned $1.62 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was down 53.9% on a year-over-year basis. On average, equities analysts expect that Chesapeake Energy Corp. will post ($0.21) EPS for the current year.

In other Chesapeake Energy Corp. news, Director Thomas L. Ryan bought 50,000 shares of Chesapeake Energy Corp. stock in a transaction on Wednesday, August 17th. The shares were bought at an average price of $5.59 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Archie W. Dunham acquired 350,000 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was purchased at an average price of $6.07 per share, for a total transaction of $2,124,500.00. Following the acquisition, the director now directly owns 3,127,951 shares in the company, valued at approximately $18,986,662.57. The disclosure for this purchase can be found here.

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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