Morgan Stanley lowered shares of Chesapeake Energy (NYSE:CHK) from an overweight rating to an equal weight rating in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports. They currently have $1.25 price objective on the oil and gas exploration company’s stock, down from their previous price objective of $2.25.

A number of other equities analysts have also recently weighed in on CHK. Raymond James cut Chesapeake Energy from an outperform rating to a market perform rating in a report on Thursday, August 8th. ValuEngine upgraded Chesapeake Energy from a sell rating to a hold rating in a report on Monday, November 4th. MKM Partners dropped coverage on Chesapeake Energy in a report on Tuesday, October 8th. Tudor Pickering cut Chesapeake Energy from a hold rating to a sell rating in a report on Wednesday, November 6th. Finally, SunTrust Banks set a $2.00 price target on Chesapeake Energy and gave the stock a hold rating in a report on Wednesday, August 7th. Seven investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. Chesapeake Energy presently has a consensus rating of Hold and a consensus target price of $2.79.

NYSE CHK traded up $0.01 on Wednesday, reaching $0.70. The company had a trading volume of 77,841,969 shares, compared to its average volume of 95,578,992. The firm has a market capitalization of $1.13 billion, a PE ratio of 0.78 and a beta of 2.45. Chesapeake Energy has a 1 year low of $0.64 and a 1 year high of $3.76. The firm has a 50-day moving average of $1.28 and a 200-day moving average of $1.72. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.60 and a quick ratio of 0.60.

Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Tuesday, November 5th. The oil and gas exploration company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.02). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Chesapeake Energy had a return on equity of 9.01% and a net margin of 5.46%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, sell-side analysts expect that Chesapeake Energy will post -0.29 EPS for the current fiscal year.

In other Chesapeake Energy news, CAO William M. Buergler bought 70,681 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $0.71 per share, with a total value of $50,183.51. Following the transaction, the chief accounting officer now directly owns 408,221 shares in the company, valued at approximately $289,836.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert D. Lawler bought 50,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of $0.91 per share, for a total transaction of $45,500.00. Following the completion of the transaction, the chief executive officer now owns 5,133,298 shares in the company, valued at $4,671,301.18. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 370,681 shares of company stock worth $323,184. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Westwood Holdings Group Inc. raised its position in shares of Chesapeake Energy by 1.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 8,008,400 shares of the oil and gas exploration company’s stock valued at $15,616,000 after acquiring an additional 132,677 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Chesapeake Energy by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,722,190 shares of the oil and gas exploration company’s stock valued at $15,059,000 after acquiring an additional 113,966 shares in the last quarter. First Trust Advisors LP raised its position in shares of Chesapeake Energy by 366.5% during the 3rd quarter. First Trust Advisors LP now owns 4,333,207 shares of the oil and gas exploration company’s stock valued at $6,110,000 after acquiring an additional 3,404,290 shares in the last quarter. Rhumbline Advisers raised its position in shares of Chesapeake Energy by 3.3% during the 3rd quarter. Rhumbline Advisers now owns 2,845,196 shares of the oil and gas exploration company’s stock valued at $4,012,000 after acquiring an additional 91,316 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Chesapeake Energy by 27.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 2,449,765 shares of the oil and gas exploration company’s stock valued at $3,454,000 after acquiring an additional 526,937 shares in the last quarter. 68.90% of the stock is currently owned by institutional investors.

Chesapeake Energy Company Profile

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 Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; Powder River Basin in Wyoming; and Mid-Continent in Anadarko Basin of northwestern Oklahoma.

Further Reading: How Do I Invest in Dividend Stocks

Analyst Recommendations for Chesapeake Energy (NYSE:CHK)

Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.