Shares of Chesapeake Energy Corporation (NYSE:CHK) have received a consensus recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $6.33.

A number of equities research analysts have recently commented on CHK shares. Scotiabank set a $5.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Vetr raised Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 price objective for the company in a report on Monday, July 24th. Piper Jaffray Companies set a $6.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Royal Bank Of Canada set a $7.00 price objective on Chesapeake Energy Corporation and gave the stock a “hold” rating in a report on Monday, May 29th. Finally, BidaskClub lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.

In related news, Director R Brad Martin acquired 20,400 shares of the stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $4.55 per share, for a total transaction of $92,820.00. Following the completion of the transaction, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Suntrust Banks Inc. increased its stake in shares of Chesapeake Energy Corporation by 13.3% during the first quarter. Suntrust Banks Inc. now owns 304,713 shares of the oil and gas exploration company’s stock valued at $1,808,000 after buying an additional 35,690 shares during the period. Amalgamated Bank increased its stake in shares of Chesapeake Energy Corporation by 1.0% during the first quarter. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company’s stock valued at $561,000 after buying an additional 958 shares during the period. Flinton Capital Management LLC increased its stake in shares of Chesapeake Energy Corporation by 25.4% during the first quarter. Flinton Capital Management LLC now owns 82,768 shares of the oil and gas exploration company’s stock valued at $492,000 after buying an additional 16,772 shares during the period. State Street Corp increased its stake in shares of Chesapeake Energy Corporation by 6.0% during the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock valued at $260,083,000 after buying an additional 2,476,711 shares during the period. Finally, US Bancorp DE increased its stake in shares of Chesapeake Energy Corporation by 26.3% during the first quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock valued at $221,000 after buying an additional 7,733 shares during the period. Hedge funds and other institutional investors own 64.51% of the company’s stock.

Chesapeake Energy Corporation (NYSE:CHK) traded down 4.522% on Tuesday, reaching $3.695. 12,718,288 shares of the company traded hands. The stock’s market capitalization is $3.29 billion. Chesapeake Energy Corporation has a one year low of $3.55 and a one year high of $8.20. The firm has a 50 day moving average of $4.22 and a 200-day moving average of $5.04.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate 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 last year, the firm posted ($0.14) EPS. On average, analysts anticipate that Chesapeake Energy Corporation will post $0.76 EPS for the current year.

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Chesapeake Energy Corporation Company Profile

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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