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Chesapeake Energy (NYSE:CHK) has been given a “BB+” credit rating by analysts at Morningstar. The agency’s “BB+” rating indicates that the company is an above-average default risk. They also issued a positive credit outlook for the company and gave their stock a four star rating.

CHK has been the subject of a number of other recent research reports. 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. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.71.

Shares of Chesapeake Energy (NYSE:CHK) opened at 26.03 on Friday. Chesapeake Energy has a one year low of $22.6301 and a one year high of $29.92. The stock’s 50-day moving average is $26.47 and its 200-day moving average is $26.50. The company has a market cap of $16.943 billion and a P/E ratio of 32.87.

Chesapeake Energy (NYSE:CHK) last released its earnings data on Wednesday, August 6th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post $1.80 earnings per share for the current fiscal year.

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

To view more credit ratings from Morningstar, visit www.morningstar.com.

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