Vetr upgraded shares of Chesapeake Energy Corporation (NYSE:CHK) from a buy rating to a strong-buy rating in a research note published on Monday. The brokerage currently has $5.23 price target on the oil and gas exploration company’s stock.

A number of other research analysts also recently issued reports on the company. ValuEngine raised Chesapeake Energy Corporation from a hold rating to a buy rating in a report on Thursday, May 11th. Royal Bank Of Canada set a $7.00 price target on Chesapeake Energy Corporation and gave the company a hold rating in a report on Monday, May 29th. SunTrust Banks, Inc. reissued a buy rating and issued a $9.00 price target on shares of Chesapeake Energy Corporation in a report on Monday, May 1st. FBR & Co reissued a sell rating on shares of Chesapeake Energy Corporation in a report on Monday, May 15th. Finally, Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the company a hold rating in a report on Thursday, April 27th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $6.66.

Shares of Chesapeake Energy Corporation (NYSE CHK) opened at 5.055 on Monday. The stock’s market capitalization is $4.50 billion. Chesapeake Energy Corporation has a 12 month low of $4.38 and a 12 month high of $8.20. The company’s 50-day moving average is $4.84 and its 200 day moving average is $5.56.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the company posted ($0.10) earnings per share. Equities research analysts predict that Chesapeake Energy Corporation will post $0.78 earnings per share for the current year.

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In related news, Director Thomas L. Ryan bought 75,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the acquisition, the director now directly owns 440,355 shares in the company, valued at $2,201,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director R Brad Martin bought 20,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was bought at an average price of $5.26 per share, with a total value of $105,200.00. Following the completion of the acquisition, the director now owns 501,958 shares in the company, valued at $2,640,299.08. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 115,400 shares of company stock valued at $573,020. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of CHK. Putnam Investments LLC boosted its stake in shares of Chesapeake Energy Corporation by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Tiedemann Wealth Management LLC boosted its stake in shares of Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 2,952 shares during the last quarter. Hollencrest Securities LLC boosted its stake in shares of Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 1,000 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at about $115,000. Institutional investors own 64.87% of the company’s stock.

Chesapeake Energy Corporation 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Chesapeake Energy Corporation (NYSE:CHK)

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