FBR & Co started coverage on shares of Chesapeake Energy Corp. (NYSE:CHK) in a research note issued to investors on Tuesday. The brokerage issued an underperform rating and a $5.00 price target on the oil and gas exploration company’s stock.

Several other equities research analysts also recently weighed in on CHK. Vetr downgraded shares of Chesapeake Energy Corp. from a strong-buy rating to a hold rating and set a $4.30 target price for the company. in a research note on Monday, May 16th. Wunderlich restated a hold rating and issued a $6.00 target price on shares of Chesapeake Energy Corp. in a research note on Thursday, May 26th. Deutsche Bank AG restated a hold rating on shares of Chesapeake Energy Corp. in a research note on Thursday, June 2nd. Royal Bank Of Canada cut shares of Chesapeake Energy Corp. from a sector perform rating to an underperform rating and raised their price target for the stock from $4.97 to $5.00 in a report on Thursday, June 9th. They noted that the move was a valuation call. Finally, KLR Group reaffirmed a buy rating and issued a $7.00 price target on shares of Chesapeake Energy Corp. in a report on Thursday, June 9th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Chesapeake Energy Corp. presently has a consensus rating of Hold and a consensus target price of $6.94.

Chesapeake Energy Corp. (NYSE:CHK) opened at 7.35 on Tuesday. The company’s market cap is $5.64 billion. Chesapeake Energy Corp. has a one year low of $1.50 and a one year high of $9.55. The company has a 50-day moving average of $5.96 and a 200 day moving average of $4.98.

Chesapeake Energy Corp. (NYSE:CHK) last announced its earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. The firm earned $1.62 billion during the quarter, compared to analyst estimates of $1.91 billion. Chesapeake Energy Corp. had a negative net margin of 104.29% and a negative return on equity of 16.16%. Chesapeake Energy Corp.’s revenue was down 53.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. Analysts anticipate that Chesapeake Energy Corp. will post ($0.20) earnings per share for the current year.

In other news, Director Archie W. Dunham bought 350,000 shares of Chesapeake Energy Corp. stock in a transaction on Monday, August 22nd. The shares were bought at an average cost of $6.07 per share, with a total value of $2,124,500.00. Following the completion of the purchase, the director now directly owns 3,127,951 shares of the company’s stock, valued at $18,986,662.57. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas L. Ryan bought 50,000 shares of Chesapeake Energy Corp. stock in a transaction on Wednesday, August 17th. The shares were purchased at an average cost of $5.59 per share, for a total transaction of $279,500.00. Following the completion of the purchase, the director now directly owns 246,269 shares of the company’s stock, valued at $1,376,643.71. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of CHK. Franklin Resources Inc. increased its position in shares of Chesapeake Energy Corp. by 27.2% in the first quarter. Franklin Resources Inc. now owns 63,461,923 shares of the oil and gas exploration company’s stock worth $261,464,000 after buying an additional 13,572,132 shares during the period. Vanguard Group Inc. increased its position in shares of Chesapeake Energy Corp. by 13.7% in the second quarter. Vanguard Group Inc. now owns 56,159,572 shares of the oil and gas exploration company’s stock worth $240,364,000 after buying an additional 6,754,588 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Chesapeake Energy Corp. by 22.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 17,405,192 shares of the oil and gas exploration company’s stock worth $74,494,000 after buying an additional 3,191,887 shares during the period. Blue Ridge Capital L.L.C. increased its position in shares of Chesapeake Energy Corp. by 21.8% in the second quarter. Blue Ridge Capital L.L.C. now owns 8,600,000 shares of the oil and gas exploration company’s stock worth $36,808,000 after buying an additional 1,540,000 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Chesapeake Energy Corp. by 29.7% in the second quarter. Bank of New York Mellon Corp now owns 5,990,564 shares of the oil and gas exploration company’s stock worth $25,640,000 after buying an additional 1,371,940 shares during the period. 64.90% of the stock is currently owned by institutional investors.

About Chesapeake Energy Corp.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

5 Day Chart for NYSE:CHK

Receive News & Ratings for Chesapeake Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.