BidaskClub cut shares of Chesapeake Energy Corporation (NYSE:CHK) from a hold rating to a sell rating in a report released on Thursday morning.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a hold rating and issued a $7.00 price objective on shares of Chesapeake Energy Corporation in a research report on Tuesday, April 25th. Vetr downgraded shares of Chesapeake Energy Corporation from a strong-buy rating to a buy rating and set a $5.23 price objective for the company. in a research report on Tuesday, July 11th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research report on Monday, May 1st. Jefferies Group LLC set a $6.00 price objective on shares of Chesapeake Energy Corporation and gave the company a hold rating in a research report on Tuesday, June 6th. Finally, Macquarie downgraded shares of Chesapeake Energy Corporation from a neutral rating to an underperform rating and increased their price objective for the company from $3.93 to $4.00 in a research report on Wednesday, June 21st. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have assigned a buy rating to the stock. Chesapeake Energy Corporation has a consensus rating of Hold and a consensus price target of $6.66.

Chesapeake Energy Corporation (CHK) opened at 5.06 on Thursday. The company has a 50 day moving average of $4.84 and a 200-day moving average of $5.55. The firm’s market cap is $4.51 billion. Chesapeake Energy Corporation has a one year low of $4.38 and a one year high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted ($0.10) earnings per share. On average, 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 R Brad Martin bought 20,400 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were bought at an average cost of $4.55 per share, for a total transaction of $92,820.00. Following the completion of the purchase, the director now owns 522,358 shares of the company’s stock, valued at approximately $2,376,728.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas L. Ryan bought 75,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the purchase, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The disclosure for this purchase can be found here. Insiders acquired 115,400 shares of company stock worth $573,020 over the last quarter. 1.14% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Chesapeake Energy Corporation by 16.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,666,298 shares of the oil and gas exploration company’s stock worth $25,739,000 after buying an additional 530,770 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Chesapeake Energy Corporation by 21.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,935 shares of the oil and gas exploration company’s stock worth $189,000 after buying an additional 4,780 shares during the last quarter. Teachers Advisors LLC boosted its stake in Chesapeake Energy Corporation by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 786,960 shares of the oil and gas exploration company’s stock worth $5,524,000 after buying an additional 42,225 shares during the last quarter. Kentucky Retirement Systems bought a new stake in Chesapeake Energy Corporation during the fourth quarter worth about $380,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Chesapeake Energy Corporation during the fourth quarter worth about $169,000. Institutional investors own 64.81% of the company’s stock.

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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