Shares of Chesapeake Energy Co. (NYSE:CHK) have received a consensus rating of “Hold” from the thirty-two ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.41.

CHK has been the topic of a number of recent research reports. Wunderlich restated a “buy” rating and issued a $10.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, March 29th. Stifel Nicolaus initiated coverage on shares of Chesapeake Energy in a research note on Thursday, March 23rd. They issued a “buy” rating and a $10.00 price objective on the stock. SunTrust Banks, Inc. restated a “buy” rating and issued a $9.00 price objective on shares of Chesapeake Energy in a research note on Monday, May 1st. ValuEngine upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Finally, Bank of America Corp restated a “buy” rating on shares of Chesapeake Energy in a research note on Friday, May 12th.

Chesapeake Energy (NYSE:CHK) traded up 2.12% during trading on Friday, hitting $5.29. The company had a trading volume of 28,725,779 shares. The firm’s 50 day moving average is $5.61 and its 200-day moving average is $6.14. The stock’s market capitalization is $4.71 billion. Chesapeake Energy has a 52-week low of $3.93 and a 52-week high of $8.20. Chesapeake Energy also was the recipient of unusually large options trading activity on Thursday. Investors bought 34,287 put options on the stock. This represents an increase of 275% compared to the average volume of 9,149 put options.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, equities analysts forecast that Chesapeake Energy will post $0.86 earnings per share for the current year.

In other news, Director Archie W. Dunham acquired 500,000 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 8th. The shares were acquired at an average price of $5.24 per share, with a total value of $2,620,000.00. Following the completion of the purchase, the director now owns 4,637,717 shares of the company’s stock, valued at approximately $24,301,637.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Tiedemann Wealth Management LLC increased its position in shares of Chesapeake Energy by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 2,952 shares during the last quarter. Hollencrest Securities LLC increased its position in shares of Chesapeake Energy by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 1,000 shares during the last quarter. Putnam Investments LLC increased its position in shares of Chesapeake Energy by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. National Planning Corp increased its position in shares of Chesapeake Energy by 13.8% in the fourth quarter. National Planning Corp now owns 17,051 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,069 shares during the last quarter. Finally, Cleararc Capital Inc. increased its position in shares of Chesapeake Energy by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

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About Chesapeake Energy

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.

12 Month Chart for NYSE:CHK

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