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Chesapeake Energy (NYSE:CHK) has received an average recommendation of “Hold” from the twenty ratings firms that are currently covering the company, StockRatingsNetwork reports. Ten research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.71.

A number of analysts have recently weighed in on CHK shares. Analysts at Barclays cut their price target on shares of Chesapeake Energy from $33.00 to $30.00 in a research note on Thursday, August 7th. Separately, analysts at Stifel Nicolaus upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $34.00 price target on the stock. They noted that the move was a valuation call.

Chesapeake Energy (NYSE:CHK) remained flat at $26.98 during during mid-day trading trading on Friday. The stock had a trading volume of 979,271 shares. Chesapeake Energy has a 1-year low of $22.6301 and a 1-year high of $29.92. The stock’s 50-day moving average is $26.75 and its 200-day moving average is $26.39. The company has a market cap of $17.561 billion and a P/E ratio of 34.07. Chesapeake Energy also was the recipient of some unusual options trading activity on Thursday. Traders bought 3,584 call options on the stock. This represents an increase of approximately 103% compared to the typical daily volume of 1,768 call options.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Wednesday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.16. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter last year, the company posted $0.51 earnings per share. Chesapeake Energy’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Chesapeake Energy will post $1.79 EPS for the current fiscal year.

Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.

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