Shares of Chesapeake Energy Co. (NYSE:CHK) shot up 0% during mid-day trading on Thursday . The stock traded as high as $4.82 and last traded at $4.70. 53,334,129 shares traded hands during trading, an increase of 37% from the average session volume of 38,977,898 shares. The stock had previously closed at $4.70.

A number of equities analysts have recently weighed in on CHK shares. ValuEngine lowered Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Stephens set a $4.00 price objective on Chesapeake Energy and gave the stock a “hold” rating in a research note on Tuesday, April 24th. Citigroup lowered Chesapeake Energy from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $3.11 to $5.00 in a research note on Tuesday, April 17th. Sanford C. Bernstein lowered Chesapeake Energy from a “market perform” rating to an “underperform” rating in a research note on Monday, March 26th. Finally, Zacks Investment Research lowered Chesapeake Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. Ten investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Energy has an average rating of “Hold” and a consensus 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 stock has a market capitalization of $4.29 billion, a P/E ratio of 5.87 and a beta of 1.90.

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

Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Chesapeake Energy by 181.6% in the first quarter. Principal Financial Group Inc. now owns 3,972,965 shares of the oil and gas exploration company’s stock worth $11,998,000 after buying an additional 2,561,947 shares in the last quarter. CIBC World Markets Inc. raised its position in Chesapeake Energy by 1,117.7% during the first quarter. CIBC World Markets Inc. now owns 139,265 shares of the oil and gas exploration company’s stock valued at $421,000 after purchasing an additional 127,828 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Chesapeake Energy by 0.6% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,795,200 shares of the oil and gas exploration company’s stock valued at $32,602,000 after purchasing an additional 59,400 shares during the period. NEXT Financial Group Inc purchased a new stake in Chesapeake Energy during the first quarter valued at approximately $196,000. Finally, Millennium Management LLC purchased a new stake in Chesapeake Energy during the first quarter valued at approximately $25,979,000. Institutional investors own 58.17% of the company’s stock.

About Chesapeake Energy

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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