Chesapeake Energy Corp. (NYSE:CHK) has been assigned an average recommendation of “Hold” from the thirty brokerages that are presently covering the stock. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $7.19.

Several brokerages have weighed in on CHK. FBR & Co began coverage on shares of Chesapeake Energy Corp. in a research note on Tuesday, September 13th. They issued an “underperform” rating and a $5.00 price objective for the company. Wunderlich upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $6.00 to $10.00 in a research note on Friday, September 9th. SunTrust Banks Inc. set a $11.00 price objective on shares of Chesapeake Energy Corp. and gave the stock a “buy” rating in a research note on Monday, September 12th. Vetr upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $11.30 price objective for the company in a research note on Monday, September 12th. Finally, S&P Equity Research reiterated a “hold” rating on shares of Chesapeake Energy Corp. in a research note on Thursday, August 18th.

Chesapeake Energy Corp. (NYSE:CHK) traded up 1.6753% on Wednesday, reaching $6.6699. 21,296,945 shares of the company traded hands. The stock has a 50-day moving average price of $6.21 and a 200-day moving average price of $5.10. The firm’s market cap is $5.11 billion. Chesapeake Energy Corp. has a 52-week low of $1.50 and a 52-week high of $9.55.

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Chesapeake Energy Corp. (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.03. Chesapeake Energy Corp. had a negative return on equity of 16.16% and a negative net margin of 104.29%. The business earned $1.62 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the firm earned ($0.11) EPS. Chesapeake Energy Corp.’s revenue for the quarter was down 53.9% compared to the same quarter last year. Analysts anticipate that Chesapeake Energy Corp. will post ($0.20) earnings per share for the current fiscal year.

In other Chesapeake Energy Corp. news, Director Thomas L. Ryan acquired 50,000 shares of the stock in a transaction on Wednesday, August 17th. The shares were purchased at an average price of $5.59 per share, for a total transaction of $279,500.00. Following the completion of the acquisition, the director now owns 246,269 shares in the company, valued at approximately $1,376,643.71. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Archie W. Dunham acquired 350,000 shares of the stock in a transaction on Monday, August 22nd. The shares were acquired at an average price of $6.07 per share, for a total transaction of $2,124,500.00. Following the acquisition, the director now owns 3,127,951 shares of the company’s stock, valued at approximately $18,986,662.57. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Chesapeake Energy Corp. during the second quarter valued at $101,000. Kentucky Retirement Systems purchased a new stake in shares of Chesapeake Energy Corp. during the second quarter valued at approximately $213,000. Mason Street Advisors LLC purchased a new stake in shares of Chesapeake Energy Corp. during the second quarter valued at approximately $337,000. Public Employees Retirement System of Ohio increased its stake in shares of Chesapeake Energy Corp. by 65.2% in the second quarter. Public Employees Retirement System of Ohio now owns 242,309 shares of the oil and gas exploration company’s stock valued at $1,037,000 after buying an additional 95,667 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Chesapeake Energy Corp. by 8.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,324,687 shares of the oil and gas exploration company’s stock valued at $9,950,000 after buying an additional 174,336 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.

About Chesapeake Energy Corp.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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