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Macquarie downgraded Chesapeake Energy Corporation (NYSE:CHK) to Underperform in a report released today.

Macquarie has downgraded Chesapeake Energy Corporation (NYSE:CHK) to Underperform in a report released on 6/21/2017.

Yesterday Chesapeake Energy Corporation (NYSE:CHK) traded -2.44% lower at $4.91. The company’s 50-day moving average is $4.05 and its 200-day moving average is $4.96. The last stock close price is down -19.32% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 66,705,048 shares of the stock were exchanged, up from an average trading volume of 33,290,700

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Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation has a with a one year low of $3.55 and a one year high of $8.20 The company’s market cap is currently $0.

Also covering Chesapeake Energy Corporation's target, a total of 25 equity analysts have released a report on Chesapeake Energy Corporation. The 12-month price target is $4.44 with zero equity analysts rating the company a strong buy, zero equity analysts rating the stock a buy, 0 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the company a sell.

General Company Details For Chesapeake Energy Corporation (NYSE:CHK)

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. As of December 31, 2016, it owned interests in approximately 22,700 oil and natural gas wells. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It has positions in resource plays of the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas and the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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