Chesapeake Energy Co. (NYSE:CHK) gapped up prior to trading on Tuesday . The stock had previously closed at $3.07, but opened at $3.15. Chesapeake Energy shares last traded at $3.16, with a volume of 58716928 shares changing hands.

CHK has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. UBS Group set a $2.00 price target on shares of Chesapeake Energy and gave the company a “sell” rating in a research note on Monday, January 14th. Raymond James lifted their price target on shares of Chesapeake Energy from $3.50 to $4.00 and gave the company an “outperform” rating in a research note on Friday, January 11th. Imperial Capital decreased their price target on shares of Chesapeake Energy from $5.00 to $3.00 and set an “in-line” rating for the company in a research note on Thursday, January 10th. Finally, MKM Partners set a $3.00 price target on shares of Chesapeake Energy and gave the company a “hold” rating in a research note on Tuesday, March 5th. Nine research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Chesapeake Energy currently has a consensus rating of “Hold” and an average target price of $4.12.

The company has a market cap of $4.85 billion, a price-to-earnings ratio of 3.51, a price-to-earnings-growth ratio of 0.81 and a beta of 2.44.

Chesapeake Energy (NYSE:CHK) last posted its earnings results on Wednesday, February 27th. The oil and gas exploration company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy had a net margin of 8.31% and a negative return on equity of 58.05%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, research analysts predict that Chesapeake Energy Co. will post 0.55 EPS for the current fiscal year.

In other Chesapeake Energy news, insider Domenic J. Dell’osso, Jr. bought 50,000 shares of the firm’s stock in a transaction dated Thursday, December 20th. The stock was bought at an average cost of $1.88 per share, with a total value of $94,000.00. Following the completion of the transaction, the insider now directly owns 1,403,283 shares in the company, valued at approximately $2,638,172.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas L. Ryan bought 200,000 shares of the firm’s stock in a transaction dated Monday, December 24th. The shares were acquired at an average cost of $1.81 per share, with a total value of $362,000.00. Following the completion of the transaction, the director now owns 563,519 shares of the company’s stock, valued at $1,019,969.39. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,530,000 shares of company stock valued at $4,933,400. 1.70% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Chesapeake Energy by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 9,217,962 shares of the oil and gas exploration company’s stock worth $19,357,000 after purchasing an additional 458,983 shares during the last quarter. Norges Bank purchased a new position in Chesapeake Energy during the fourth quarter worth about $21,828,000. Financial Advocates Investment Management boosted its holdings in Chesapeake Energy by 158.3% during the fourth quarter. Financial Advocates Investment Management now owns 6,085 shares of the oil and gas exploration company’s stock worth $42,000 after purchasing an additional 3,729 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Chesapeake Energy by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,431,670 shares of the oil and gas exploration company’s stock worth $26,109,000 after purchasing an additional 693,504 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new position in Chesapeake Energy during the fourth quarter worth about $30,000. 58.81% of the stock is owned by institutional investors.

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About Chesapeake Energy (NYSE:CHK)

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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