Chesapeake Energy Co. (NYSE:CHK) saw a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 158,184,464 shares, a decline of 4.7% from the December 15th total of 165,924,000 shares. Approximately 17.7% of the company’s stock are sold short. Based on an average trading volume of 23,424,915 shares, the short-interest ratio is currently 6.8 days.

Shares of Chesapeake Energy (NYSE:CHK) opened at $4.28 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of -4.17. The company has a market capitalization of $3,890.00, a price-to-earnings ratio of -7.38 and a beta of 2.16. Chesapeake Energy has a 12 month low of $3.41 and a 12 month high of $7.29.

Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $979.00 million during the quarter, compared to analyst estimates of $1.05 billion. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. Chesapeake Energy’s revenue was down 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. research analysts anticipate that Chesapeake Energy will post 0.76 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of CHK. Principal Financial Group Inc. increased its stake in shares of Chesapeake Energy by 6.7% in the 2nd quarter. Principal Financial Group Inc. now owns 1,223,754 shares of the oil and gas exploration company’s stock worth $6,082,000 after purchasing an additional 76,377 shares in the last quarter. State of Tennessee Treasury Department increased its stake in shares of Chesapeake Energy by 69.4% in the 2nd quarter. State of Tennessee Treasury Department now owns 352,397 shares of the oil and gas exploration company’s stock worth $1,752,000 after purchasing an additional 144,359 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Chesapeake Energy 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 purchasing an additional 164 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Chesapeake Energy by 3.2% in the 2nd quarter. Private Advisor Group LLC now owns 38,263 shares of the oil and gas exploration company’s stock worth $178,000 after purchasing an additional 1,195 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Chesapeake Energy by 25.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 273,668 shares of the oil and gas exploration company’s stock worth $1,361,000 after purchasing an additional 55,500 shares in the last quarter. Hedge funds and other institutional investors own 63.89% of the company’s stock.

A number of equities analysts recently weighed in on CHK shares. Piper Jaffray Companies set a $4.00 price objective on shares of Chesapeake Energy and gave the stock a “hold” rating in a report on Thursday, October 19th. Jefferies Group lowered shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and decreased their target price for the company from $4.00 to $2.00 in a research note on Monday, October 9th. Credit Suisse Group began coverage on shares of Chesapeake Energy in a research note on Monday, December 11th. They set an “underperform” rating and a $3.00 target price for the company. Barclays boosted their target price on shares of Chesapeake Energy from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Finally, Scotiabank set a $4.00 target price on shares of Chesapeake Energy and gave the company a “hold” rating in a research note on Wednesday, November 22nd. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $5.15.

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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.

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