Chesapeake Energy Co. (NYSE:CHK) shares shot up 0% on Monday . The company traded as high as $3.70 and last traded at $3.69. 29,900,515 shares were traded during trading, a decline of 13% from the average session volume of 34,216,781 shares. The stock had previously closed at $3.69.

A number of research firms have weighed in on CHK. ValuEngine raised shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Mizuho reissued a “hold” rating and set a $5.00 target price on shares of Chesapeake Energy in a research report on Friday, September 29th. Jefferies Group lowered shares of Chesapeake Energy from a “hold” rating to an “underperform” rating and cut their target price for the stock from $4.00 to $2.00 in a research report on Monday, October 9th. BMO Capital Markets set a $4.00 target price on shares of Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Imperial Capital began coverage on shares of Chesapeake Energy in a research report on Tuesday, September 19th. They set an “in-line” rating and a $5.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued 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 target price of $5.51.

The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $3,353.05, a PE ratio of 6.15 and a beta of 2.13.

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

Institutional investors have recently modified their holdings of the business. Archford Capital Strategies LLC bought a new stake in Chesapeake Energy during the second quarter worth about $984,000. Advisory Services Network LLC grew its stake in Chesapeake Energy by 42.6% during the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 7,000 shares during the last quarter. UBS Oconnor LLC bought a new stake in Chesapeake Energy during the second quarter worth about $122,000. Gotham Asset Management LLC bought a new stake in shares of Chesapeake Energy during the second quarter valued at approximately $126,000. Finally, HRT Financial LLC bought a new stake in shares of Chesapeake Energy during the second quarter valued at approximately $131,000. 63.98% of the stock is currently owned by hedge funds and other institutional investors.

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Chesapeake Energy 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.

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