Chesapeake Energy Co. (NYSE:CHK) saw unusually-high trading volume on Monday . Approximately 254,791,190 shares were traded during mid-day trading, an increase of 422% from the previous session’s volume of 48,844,512 shares.The stock last traded at $2.06 and had previously closed at $1.78.

CHK has been the topic of a number of research reports. SunTrust Banks set a $2.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of Chesapeake Energy from a “sell” rating to a “hold” rating and set a $2.50 target price on the stock in a research note on Tuesday. Morgan Stanley raised shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1.94 to $2.75 in a research note on Friday, June 28th. Raymond James lowered shares of Chesapeake Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Finally, UBS Group set a $2.00 target price on shares of Chesapeake Energy and gave the stock a “sell” rating in a research note on Thursday, June 20th. Eight research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Chesapeake Energy presently has a consensus rating of “Hold” and an average price target of $3.23.

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.79. The company’s fifty day moving average is $1.55 and its two-hundred day moving average is $2.24. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 1.88 and a beta of 2.48.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Tuesday, August 6th. The oil and gas exploration company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $1.17 billion. Chesapeake Energy had a net margin of 6.70% and a return on equity of 90.53%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Analysts predict that Chesapeake Energy Co. will post -0.26 EPS for the current year.

Several large investors have recently bought and sold shares of CHK. Dimensional Fund Advisors LP grew its stake in shares of Chesapeake Energy by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,431,670 shares of the oil and gas exploration company’s stock worth $26,109,000 after acquiring an additional 693,504 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Chesapeake Energy by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 9,217,962 shares of the oil and gas exploration company’s stock worth $19,357,000 after acquiring an additional 458,983 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Chesapeake Energy by 60.6% in the first quarter. Janney Montgomery Scott LLC now owns 140,870 shares of the oil and gas exploration company’s stock worth $437,000 after acquiring an additional 53,133 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Chesapeake Energy by 10.3% in the first quarter. Rhumbline Advisers now owns 2,578,901 shares of the oil and gas exploration company’s stock worth $7,995,000 after acquiring an additional 241,399 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Chesapeake Energy by 13.6% in the first quarter. Comerica Bank now owns 670,777 shares of the oil and gas exploration company’s stock worth $2,281,000 after acquiring an additional 80,306 shares in the last quarter. Institutional investors and hedge funds own 68.78% of the company’s stock.

Chesapeake Energy Company Profile (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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