Chesapeake Energy Co. (NYSE:CHK)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $1.70 and last traded at $1.71, with a volume of 52971363 shares. The stock had previously closed at $1.77.

A number of equities analysts recently commented on CHK shares. SunTrust Banks raised their price target on shares of HubSpot to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Goldman Sachs Group lowered shares of Encana to a “buy” rating in a research report on Friday, April 12th. UBS Group raised shares of to a “neutral” rating and raised their price target for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research report on Thursday, June 20th. TheStreet raised shares of WillScot from a “d-” rating to a “c-” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Ten research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Chesapeake Energy has an average rating of “Hold” and an average price target of $3.80.

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $2.99 billion, a PE ratio of 1.89 and a beta of 2.43. The stock’s fifty day moving average price is $1.89.

Chesapeake Energy (NYSE:CHK) last released its earnings results on Wednesday, May 8th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Chesapeake Energy had a net margin of 5.39% and a negative return on equity of 138.70%. The firm had revenue of $929.00 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $0.34 earnings per share. Chesapeake Energy’s quarterly revenue was down 25.3% compared to the same quarter last year. On average, analysts predict that Chesapeake Energy Co. will post -0.09 EPS for the current year.

In other news, CEO Robert D. Lawler bought 50,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were purchased at an average cost of $2.02 per share, with a total value of $101,000.00. Following the acquisition, the chief executive officer now directly owns 5,083,298 shares in the company, valued at $10,268,261.96. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CHK. Bank of New York Mellon Corp grew its stake in shares of Chesapeake Energy by 21.9% during the fourth quarter. Bank of New York Mellon Corp now owns 11,945,420 shares of the oil and gas exploration company’s stock valued at $25,085,000 after acquiring an additional 2,146,047 shares in the last quarter. Raymond James & Associates grew its stake in shares of Chesapeake Energy by 144.6% during the fourth quarter. Raymond James & Associates now owns 1,194,282 shares of the oil and gas exploration company’s stock valued at $2,508,000 after acquiring an additional 706,035 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Chesapeake Energy by 9.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 170,738 shares of the oil and gas exploration company’s stock valued at $358,000 after acquiring an additional 14,461 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Chesapeake Energy by 1,081.8% during the fourth quarter. Bessemer Group Inc. now owns 11,818 shares of the oil and gas exploration company’s stock worth $25,000 after purchasing an additional 10,818 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Chesapeake Energy by 5.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,431,670 shares of the oil and gas exploration company’s stock worth $26,109,000 after purchasing an additional 693,504 shares during the last quarter. Institutional investors own 70.06% of the company’s stock.

Chesapeake Energy Company Profile (NYSE:CHK)

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.

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