Chesapeake Energy Corporation (NYSE:CHK)’s share price gapped up prior to trading on Friday . The stock had previously closed at $4.16, but opened at $4.10. Chesapeake Energy Corporation shares last traded at $3.97, with a volume of 20,468,389 shares.

A number of equities analysts have recently weighed in on the company. Tudor Pickering downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and boosted their target price for the stock from $3.76 to $4.00 in a research note on Tuesday, September 5th. ValuEngine downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies set a $6.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 24th. BidaskClub downgraded Chesapeake Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, BMO Capital Markets set a $3.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Saturday, August 12th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.42.

The stock’s market cap is $3.57 billion. The firm has a 50-day moving average of $4.05 and a 200-day moving average of $4.96.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company’s revenue was up 40.6% on a year-over-year basis. During the same period last year, the firm earned ($0.14) EPS. Equities analysts expect that Chesapeake Energy Corporation will post $0.76 EPS for the current year.

In related news, Director R Brad Martin purchased 20,400 shares of Chesapeake Energy Corporation stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $4.55 per share, for a total transaction of $92,820.00. Following the acquisition, the director now owns 522,358 shares in the company, valued at approximately $2,376,728.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CHK. Capstone Asset Management Co. increased its holdings in Chesapeake Energy Corporation by 0.4% in the 1st quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock valued at $237,000 after acquiring an additional 140 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Chesapeake Energy Corporation by 18.4% in the 1st quarter. Nationwide Fund Advisors now owns 218,736 shares of the oil and gas exploration company’s stock valued at $1,299,000 after acquiring an additional 33,956 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Chesapeake Energy Corporation by 233.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,837 shares of the oil and gas exploration company’s stock valued at $207,000 after acquiring an additional 24,375 shares during the last quarter. State Treasurer State of Michigan increased its holdings in Chesapeake Energy Corporation by 2.6% in the 1st quarter. State Treasurer State of Michigan now owns 250,185 shares of the oil and gas exploration company’s stock valued at $1,486,000 after acquiring an additional 6,400 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Chesapeake Energy Corporation by 26.3% in the 1st quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock valued at $221,000 after acquiring an additional 7,733 shares during the last quarter. Institutional investors own 64.51% of the company’s stock.

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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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