Chesapeake Energy Corporation (NYSE:CHK)’s share price traded down 5.9% during trading on Friday . The stock traded as low as $3.56 and last traded at $3.64. 39,746,381 shares were traded during trading, an increase of 21% from the average session volume of 32,980,200 shares. The stock had previously closed at $3.87.

Several equities analysts recently commented on the company. Jefferies Group LLC set a $6.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Macquarie cut Chesapeake Energy Corporation from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from $3.93 to $4.00 in a report on Wednesday, June 21st. Vetr cut Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a report on Tuesday, July 11th. Citigroup Inc. cut their price objective on Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, July 21st. Finally, BidaskClub upgraded Chesapeake Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.42.

The stock has a 50-day moving average of $4.18 and a 200 day moving average of $5.03. The stock’s market capitalization is $3.24 billion.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts expect that Chesapeake Energy Corporation will post $0.76 earnings per share for the current fiscal year.

In other Chesapeake Energy Corporation news, Director R Brad Martin bought 25,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the completion of the transaction, the director now directly owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of CHK. Tiedemann Wealth Management LLC raised its stake in shares of Chesapeake Energy Corporation by 21.0% during the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after acquiring an additional 2,952 shares in the last quarter. Cleararc Capital Inc. raised its stake in shares of Chesapeake Energy Corporation by 2.8% during the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after acquiring an additional 508 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at approximately $115,000. Advisory Services Network LLC raised its stake in shares of Chesapeake Energy Corporation by 42.6% during the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after acquiring an additional 7,000 shares in the last quarter. Finally, UBS Oconnor LLC bought a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at approximately $122,000. 64.51% of the stock is owned by hedge funds and other institutional investors.

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Chesapeake Energy Corporation Company Profile

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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