Chesapeake Energy Co. (NYSE:CHK) gapped down prior to trading on Wednesday . The stock had previously closed at $4.51, but opened at $4.34. Chesapeake Energy shares last traded at $4.49, with a volume of 1032622 shares traded.

CHK has been the topic of several research reports. UBS Group initiated coverage on Chesapeake Energy in a report on Wednesday, March 7th. They issued a “buy” rating and a $2.80 target price on the stock. ValuEngine cut Chesapeake Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Chesapeake Energy from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Chesapeake Energy in a report on Friday, February 23rd. Finally, Citigroup cut Chesapeake Energy from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $3.11 to $5.00 in a report on Tuesday, April 17th. Ten analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.41.

The company has a debt-to-equity ratio of -5.27, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 5.45 and a beta of 1.79.

Chesapeake Energy (NYSE:CHK) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas exploration company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.09. Chesapeake Energy had a negative return on equity of 43.41% and a net margin of 11.67%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. equities analysts anticipate that Chesapeake Energy Co. will post 0.79 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in CHK. Schwab Charles Investment Management Inc. boosted its position in shares of Chesapeake Energy by 5.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 6,548,735 shares of the oil and gas exploration company’s stock valued at $25,933,000 after buying an additional 367,150 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Chesapeake Energy by 37.2% during the fourth quarter. State of Alaska Department of Revenue now owns 226,790 shares of the oil and gas exploration company’s stock valued at $897,000 after buying an additional 61,480 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Chesapeake Energy during the fourth quarter valued at approximately $1,343,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Chesapeake Energy by 41.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock valued at $213,000 after buying an additional 15,804 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Chesapeake Energy by 191.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 115,574 shares of the oil and gas exploration company’s stock valued at $458,000 after buying an additional 75,945 shares during the period. Institutional investors and hedge funds own 58.17% of the company’s stock.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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