237 institutional investors are raising stakes in Chesapeake Energy Corporation (CHK)

12 Month Chart for NYSE:CHK

The stock of Chesapeake Energy Corporation (NYSE:CHK) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, October 25. Scotiabank reaffirmed a "hold" rating and set a $6.00 price objective on shares of Chesapeake Energy in a research note on Monday, May 15th. Macquarie reaffirmed a "neutral" rating on shares of Chesapeake Energy in a research note on Monday, May 8th. Finally, Deutsche Bank AG reduced their target price on Chesapeake Energy from $9.00 to $8.00 and set a "hold" rating for the company in a report on Tuesday, March 7th. Three equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of "Hold" and a consensus price target of $7.35.

Chesapeake Energy (NYSE:CHK) opened at 5.57 on Friday. Skandinaviska Enskilda Banken AB publ now owns 49,687 shares of the oil and gas exploration company's stock valued at $311,000 after buying an additional 2,460 shares during the period. The total market capitalization remained at $4.60 billion. Hutchin Hill Cap Ltd Partnership owns 0.05% invested in Chesapeake Energy Corporation (NYSE:CHK) for 215,300 shares. Currently, the stock has a 1 Year Price Target of $6.99. Chesapeake Energy also was the recipient of some unusual options trading activity on Thursday. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock.

Chesapeake Energy Corp (CHK) last reported earnings results on 5/4/2017. The consensus mean EPS for the current quarter is at $0.15 derived from a total of 26 estimates from the analysts who have weighed in on projected earnings. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. Jefferies Group analyst Z. Parham now anticipates that the oil and gas exploration company will post earnings of $0.85 per share for the year, up from their prior estimate of $0.61.

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TRADEMARK VIOLATION WARNING: "Chesapeake Energy Co". If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and global copyright and trademark legislation. The original version of this story can be read at The shares were purchased at an average cost of $5.24 per share, for a total transaction of $2,620,000.00. Similar statistics are true for the second largest owner, Harris Associates L P, which owns 65,475,640 shares of the stock are valued at $363.39 million. (NYSE:CHK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Swiss Comml Bank owns 1.15 million shares or 0.01% of their United States portfolio. North Star Asset Management Inc. raised its position in Chesapeake Energy by 11.4% in the first quarter. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

In other Chesapeake Energy news, Director Archie W. Dunham bought 500,000 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 8th. EPS breaks down the profitability of the company on a single share basis. Hollencrest Securities LLC increased its stake in shares of Chesapeake Energy by 6.1% in the first quarter. TIAA CREF Investment Management LLC now owns 1,985,432 shares of the oil and gas exploration company's stock valued at $12,449,000 after buying an additional 256,414 shares during the period. First Financial Equity Corporation acquired a new position in Chesapeake Energy during the first quarter valued at $479,000. Teachers Advisors LLC now owns 744,735 shares of the oil and gas exploration company's stock valued at $4,669,000 after buying an additional 26,280 shares during the period.

A number of hedge funds and other institutional investors have recently bought and sold shares of CHK. Cwm Limited Liability Company has invested 0% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The total active USA rig count, which includes oil and natural gas rigs, climbed to 909.