Piper Jaffray Companies set a $6.00 target price on Chesapeake Energy Corporation (NYSE:CHK) in a research note released on Thursday morning. The firm currently has a hold rating on the oil and gas exploration company’s stock.

Several other research analysts have also recently commented on the stock. ValuEngine upgraded shares of Chesapeake Energy Corporation from a hold rating to a buy rating in a report on Thursday, May 11th. Bank of America Corporation cut shares of Chesapeake Energy Corporation from a neutral rating to an underperform rating in a report on Thursday, May 11th. Scotiabank reiterated a hold rating and issued a $6.00 target price on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. FBR & Co reiterated a sell rating on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Finally, BMO Capital Markets reiterated a hold rating and issued a $6.00 target price on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $6.53.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 3.79 on Thursday. Chesapeake Energy Corporation has a 12-month low of $3.76 and a 12-month high of $8.20. The firm’s market cap is $3.38 billion. The firm has a 50-day moving average of $4.46 and a 200-day moving average of $5.19.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted ($0.14) EPS. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities analysts forecast that Chesapeake Energy Corporation will post $0.75 earnings per share for the current fiscal year.

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In related news, Director Thomas L. Ryan purchased 75,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were bought at an average price of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the acquisition, the director now directly owns 440,355 shares in the company, valued at approximately $2,201,775. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director R Brad Martin purchased 25,000 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the acquisition, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 120,400 shares of company stock worth $570,570. Corporate insiders own 1.14% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Chesapeake Energy Corporation by 19.3% in the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock valued at $540,542,000 after buying an additional 17,615,861 shares during the period. Harris Associates L P increased its position in shares of Chesapeake Energy Corporation by 96.4% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company’s stock valued at $388,926,000 after buying an additional 32,145,200 shares during the period. State Street Corp increased its position in shares of Chesapeake Energy Corporation by 9.1% in the second quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock valued at $237,402,000 after buying an additional 3,982,812 shares during the period. Mackenzie Financial Corp increased its position in shares of Chesapeake Energy Corporation by 1.9% in the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock valued at $53,860,000 after buying an additional 171,476 shares during the period. Finally, Northern Trust Corp increased its position in shares of Chesapeake Energy Corporation by 5.6% in the second quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock valued at $40,850,000 after buying an additional 433,272 shares during the period. Institutional investors own 64.51% of the company’s stock.

About Chesapeake Energy Corporation

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.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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