ValuEngine lowered shares of Chesapeake Energy Corporation (NYSE:CHK) from a buy rating to a hold rating in a research report released on Friday morning.

A number of other equities analysts have also recently issued reports on the company. Citigroup Inc. lowered their target price 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. Vetr upgraded Chesapeake Energy Corporation from a buy rating to a strong-buy rating and set a $5.23 target price for the company in a report on Monday, July 24th. Royal Bank Of Canada set a $7.00 target price on Chesapeake Energy Corporation and gave the stock a hold rating in a report on Monday, May 29th. FBR & Co reiterated a sell rating on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Finally, Scotiabank restated a hold rating and set a $5.00 price objective on shares of Chesapeake Energy Corporation in a research note on Friday, June 30th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $6.53.

Shares of Chesapeake Energy Corporation (CHK) opened at 3.76 on Friday. The company’s 50-day moving average price is $4.32 and its 200-day moving average price is $5.10. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The firm’s market cap is $3.35 billion.

Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. Equities analysts expect that Chesapeake Energy Corporation will post $0.75 earnings per share for the current fiscal year.

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In related news, Director R Brad Martin purchased 25,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $4.11 per share, with a total value of $102,750.00. Following the acquisition, the director now directly owns 547,358 shares in the company, valued at $2,249,641.38. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.14% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CHK. Teachers Advisors LLC raised its holdings in Chesapeake Energy Corporation by 5.7% in the 4th quarter. Teachers Advisors LLC now owns 786,960 shares of the oil and gas exploration company’s stock valued at $5,524,000 after acquiring an additional 42,225 shares during the period. Capstone Asset Management Co. increased its holdings in shares of Chesapeake Energy Corporation by 0.4% during the first quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock worth $237,000 after purchasing an additional 140 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Chesapeake Energy Corporation by 1.3% during the first quarter. Retirement Systems of Alabama now owns 368,210 shares of the oil and gas exploration company’s stock worth $2,187,000 after purchasing an additional 4,579 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Chesapeake Energy Corporation by 18.4% during the first quarter. Nationwide Fund Advisors now owns 218,736 shares of the oil and gas exploration company’s stock worth $1,299,000 after purchasing an additional 33,956 shares during the period. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of Chesapeake Energy Corporation by 25.4% during the first quarter. Glen Harbor Capital Management LLC now owns 47,296 shares of the oil and gas exploration company’s stock worth $281,000 after purchasing an additional 9,584 shares during the period. 64.51% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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