Chesapeake Energy Corporation (NYSE:CHK) has been assigned a $4.00 price target by equities research analysts at Piper Jaffray Companies in a note issued to investors on Thursday. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Piper Jaffray Companies’ price target would indicate a potential upside of 5.26% from the company’s previous close.

CHK has been the subject of a number of other research reports. Scotiabank reissued a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy Corporation in a research note on Friday, June 30th. BidaskClub raised shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Vetr cut shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price for the company. in a research note on Tuesday, July 11th. BMO Capital Markets reissued a “hold” rating and set a $3.00 target price on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Finally, Mizuho reissued a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy Corporation in a research note on Friday, September 29th. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.01.

Shares of Chesapeake Energy Corporation (CHK) traded down 1.04% during midday trading on Thursday, hitting $3.80. The company had a trading volume of 15,424,083 shares. Chesapeake Energy Corporation has a 52 week low of $3.55 and a 52 week high of $8.20. The company’s market capitalization is $3.39 billion. The firm’s 50 day moving average is $4.02 and its 200 day moving average is $4.73.

Chesapeake Energy Corporation (NYSE:CHK) last released its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The company’s quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share. Equities research analysts anticipate that Chesapeake Energy Corporation will post $0.72 EPS for the current year.

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In related news, Director R Brad Martin acquired 25,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the acquisition, the director now owns 547,358 shares in the company, valued at approximately $2,249,641.38. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Chesapeake Energy Corporation by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock worth $282,000 after acquiring an additional 164 shares during the last quarter. Exencial Wealth Advisors LLC increased its stake in Chesapeake Energy Corporation by 0.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock worth $161,000 after buying an additional 226 shares during the period. Cigna Investments Inc. New increased its stake in Chesapeake Energy Corporation by 0.9% during the 2nd quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock worth $153,000 after buying an additional 281 shares during the period. CIBC Asset Management Inc increased its stake in Chesapeake Energy Corporation by 0.6% during the 2nd quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock worth $309,000 after buying an additional 381 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in Chesapeake Energy Corporation by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock worth $235,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 64.56% of the company’s stock.

About Chesapeake Energy Corporation

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.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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