Chesapeake Energy Co. (NYSE:CHK)’s share price traded up 6.7% on Tuesday . The stock traded as high as $2.56 and last traded at $2.56. 40,441,367 shares changed hands during trading, a decline of 12% from the average session volume of 46,090,348 shares. The stock had previously closed at $2.40.

Several equities analysts recently weighed in on the company. Citigroup increased their target price on Chesapeake Energy from $2.50 to $3.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. TheStreet downgraded Chesapeake Energy from a “c” rating to a “d+” rating in a research report on Wednesday, May 8th. Guggenheim reiterated a “neutral” rating on shares of Chesapeake Energy in a research report on Wednesday, April 17th. Goldman Sachs Group downgraded Chesapeake Energy from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $2.75 to $2.50 in a report on Friday, April 12th. They noted that the move was a valuation call. Finally, SunTrust Banks restated a “hold” rating on shares of Chesapeake Energy in a report on Wednesday, May 8th. Ten research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.01.

The firm has a market capitalization of $3.92 billion, a P/E ratio of 2.83, a PEG ratio of 0.61 and a beta of 2.39. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.72.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Chesapeake Energy had a net margin of 5.39% and a negative return on equity of 138.70%. The company had revenue of $929.00 million during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.34 EPS. Chesapeake Energy’s quarterly revenue was down 25.3% compared to the same quarter last year. On average, analysts forecast that Chesapeake Energy Co. will post 0.63 EPS for the current year.

In other news, major shareholder Ngp Energy Capital Management, sold 568,424 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $3.25, for a total value of $1,847,378.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC acquired a new stake in Chesapeake Energy during the 1st quarter valued at approximately $64,000. BlueCrest Capital Management Ltd grew its stake in Chesapeake Energy by 301.7% during the 1st quarter. BlueCrest Capital Management Ltd now owns 41,692 shares of the oil and gas exploration company’s stock valued at $129,000 after purchasing an additional 31,314 shares in the last quarter. HighTower Advisors LLC grew its stake in Chesapeake Energy by 5,073.8% during the 1st quarter. HighTower Advisors LLC now owns 1,809,079 shares of the oil and gas exploration company’s stock valued at $5,607,000 after purchasing an additional 1,774,113 shares in the last quarter. Algebris UK Ltd acquired a new stake in Chesapeake Energy during the 1st quarter valued at approximately $6,480,000. Finally, M&T Bank Corp grew its stake in Chesapeake Energy by 36.0% during the 1st quarter. M&T Bank Corp now owns 41,158 shares of the oil and gas exploration company’s stock valued at $127,000 after purchasing an additional 10,901 shares in the last quarter. Institutional investors and hedge funds own 58.81% of the company’s stock.

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About Chesapeake Energy (NYSE:CHK)

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

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