Citigroup Inc. reiterated their neutral rating on shares of Chesapeake Energy Corp. (NYSE:CHK) in a research report report published on Tuesday. The firm currently has a $8.00 price target on the oil and gas exploration company’s stock.

A number of other research firms also recently weighed in on CHK. Vetr upgraded Chesapeake Energy Corp. from a hold rating to a strong-buy rating and set a $11.30 price target on the stock in a research report on Monday, September 12th. Johnson Rice upgraded Chesapeake Energy Corp. from a hold rating to an accumulate rating in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Chesapeake Energy Corp. from a hold rating to a buy rating and set a $6.00 price target on the stock in a research report on Wednesday, July 27th. Capital One Financial Corp. upgraded Chesapeake Energy Corp. from an underweight rating to an equal weight rating in a report on Tuesday, August 16th. Finally, Deutsche Bank AG lifted their price objective on Chesapeake Energy Corp. from $5.00 to $6.00 and gave the stock a hold rating in a report on Thursday, August 18th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $7.66.

Shares of Chesapeake Energy Corp. (NYSE:CHK) traded up 2.76% during midday trading on Tuesday, hitting $6.70. The company had a trading volume of 14,195,576 shares. The firm’s 50 day moving average is $6.70 and its 200 day moving average is $5.38. The company’s market capitalization is $5.14 billion. Chesapeake Energy Corp. has a 52 week low of $1.50 and a 52 week high of $8.33.

Chesapeake Energy Corp. (NYSE:CHK) last released its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.03. Chesapeake Energy Corp. had a negative net margin of 104.29% and a negative return on equity of 16.16%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the previous year, the business earned ($0.11) EPS. The company’s revenue for the quarter was down 53.9% on a year-over-year basis. Equities research analysts anticipate that Chesapeake Energy Corp. will post ($0.21) EPS for the current year.

In related news, Director Thomas L. Ryan acquired 50,000 shares of the stock in a transaction dated Wednesday, August 17th. The stock was acquired at an average cost of $5.59 per share, for a total transaction of $279,500.00. Following the completion of the purchase, the director now owns 246,269 shares of the company’s stock, valued at approximately $1,376,643.71. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Archie W. Dunham acquired 1,000,000 shares of the stock in a transaction dated Tuesday, September 20th. The shares were bought at an average price of $6.67 per share, with a total value of $6,670,000.00. Following the completion of the purchase, the director now directly owns 4,127,951 shares of the company’s stock, valued at approximately $27,533,433.17. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Several large investors have recently bought and sold shares of CHK. First Allied Advisory Services Inc. boosted its position in shares of Chesapeake Energy Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 33,417 shares of the oil and gas exploration company’s stock valued at $134,000 after buying an additional 249 shares during the period. Carnegie Capital Asset Management LLC boosted its position in shares of Chesapeake Energy Corp. by 1.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 24,100 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 400 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Chesapeake Energy Corp. by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 137,030 shares of the oil and gas exploration company’s stock valued at $586,000 after buying an additional 707 shares during the period. Wedbush Securities Inc. boosted its position in shares of Chesapeake Energy Corp. by 2.8% in the second quarter. Wedbush Securities Inc. now owns 33,235 shares of the oil and gas exploration company’s stock valued at $142,000 after buying an additional 913 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of Chesapeake Energy Corp. by 1.3% in the second quarter. Baird Financial Group Inc. now owns 94,690 shares of the oil and gas exploration company’s stock valued at $405,000 after buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 63.87% of the company’s stock.

About Chesapeake Energy Corp.

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.

5 Day Chart for NYSE:CHK

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