Chesapeake Energy (NYSE: CHK) was downgraded by investment analysts at Sterne Agee to an “underperform” rating in a note issued to investors on Tuesday.

Shares of Chesapeake Energy (NYSE: CHK) opened at 22.17 on Tuesday. Chesapeake Energy has a 52 week low of $13.32 and a 52 week high of $26.09. The stock’s 50-day moving average is currently $20.39. The company’s market cap is $14.309 billion.

Chesapeake Energy (NYSE: CHK) last announced its earnings results on Thursday, February 21st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post $1.23 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on CHK. Analysts at Zacks reiterated a “neutral” rating on shares of Chesapeake Energy in a research note to investors on Tuesday, March 12th. They now have a $23.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Chesapeake Energy in a research note to investors on Wednesday, March 6th. They now have a $26.00 price target on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Chesapeake Energy in a research note to investors on Wednesday, March 6th.

Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $22.65.

Chesapeake Energy Corporation (NYSE: CHK) is a natural gas and oil exploration and production company.

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