Scotiabank reaffirmed their hold rating on shares of Chesapeake Energy Corporation (NYSE:CHK) in a research report report published on Friday morning. The brokerage currently has a $5.00 price target on the oil and gas exploration company’s stock.

CHK has been the topic of several other research reports. Piper Jaffray Companies set a $4.00 price target on Chesapeake Energy Corporation and gave the stock a hold rating in a research note on Thursday, October 19th. Barclays PLC boosted their price target on Chesapeake Energy Corporation from $2.00 to $3.00 and gave the stock an underweight rating in a research note on Wednesday, October 11th. BMO Capital Markets set a $3.00 price target on Chesapeake Energy Corporation and gave the stock a hold rating in a research note on Tuesday, October 10th. Jefferies Group LLC cut Chesapeake Energy Corporation from a hold rating to an underperform rating and cut their price target for the stock from $4.00 to $2.00 in a research note on Monday, October 9th. Finally, ValuEngine upgraded Chesapeake Energy Corporation from a hold rating to a buy rating in a research note on Monday, October 2nd. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $5.84.

Shares of Chesapeake Energy Corporation (NYSE CHK) traded down $0.22 during midday trading on Friday, hitting $3.74. The stock had a trading volume of 29,055,348 shares, compared to its average volume of 24,820,000. Chesapeake Energy Corporation has a 52 week low of $3.41 and a 52 week high of $8.20. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.58. The stock has a market capitalization of $3.40 billion, a P/E ratio of 6.10 and a beta of 2.18.

Chesapeake Energy Corporation (NYSE:CHK) last issued its earnings results 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. Chesapeake Energy Corporation had a negative return on equity of 19.93% and a net margin of 2.77%. The company had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s revenue was down 16.8% compared to the same quarter last year. sell-side analysts expect that Chesapeake Energy Corporation will post 0.72 earnings per share for the current fiscal year.

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In related news, Director R Brad Martin acquired 25,000 shares of Chesapeake Energy Corporation stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $4.11 per share, with a total value of $102,750.00. Following the purchase, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Advisory Securities LLC bought a new stake in shares of Chesapeake Energy Corporation during the 3rd quarter worth $176,000. Advantus Capital Management Inc lifted its holdings in shares of Chesapeake Energy Corporation by 19.5% in the third quarter. Advantus Capital Management Inc now owns 91,877 shares of the oil and gas exploration company’s stock valued at $395,000 after purchasing an additional 14,994 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Chesapeake Energy Corporation by 1.9% in the third quarter. Swiss National Bank now owns 1,518,603 shares of the oil and gas exploration company’s stock valued at $6,530,000 after purchasing an additional 27,700 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Chesapeake Energy Corporation by 12.3% in the third quarter. Principal Financial Group Inc. now owns 1,374,653 shares of the oil and gas exploration company’s stock valued at $5,911,000 after purchasing an additional 150,899 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Chesapeake Energy Corporation by 7.1% in the third quarter. Prudential Financial Inc. now owns 1,087,138 shares of the oil and gas exploration company’s stock valued at $4,675,000 after purchasing an additional 72,000 shares in the last quarter. 64.61% of the stock is owned by institutional investors and hedge funds.

About Chesapeake Energy Corporation

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.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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