Chesapeake Energy (NYSE: CHK) was downgraded by equities...

Chesapeake Energy (NYSE: CHK) was downgraded by equities research analysts at JPMorgan Chase & Co. (NYSE: JPM) to a “neutral” rating in a research note issued to investors on Tuesday. The analysts currently have a $49.50 price target on the stock.

Separately, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Chesapeake Energy from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, October 7th. Analysts at Ladenburg Thalmann initiated coverage on shares of Chesapeake Energy in a research note to investors on Tuesday, October 4th. They set a “buy” rating and a $36.00 price target on the stock. Also, analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Chesapeake Energy in a research note to investors on Tuesday, September 20th. They set a “hold” rating and a $39.00 price target on the stock.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas in the United States. It owns interests in approximately 44,100 producing natural gas and oil wells that are producing approximately 2.4 billion cubic feet equivalent (bcfe), per day, 93% of which is natural gas. The Company is focused on discovering, acquiring and developing conventional and unconventional natural gas reserves onshore in the United States. It also has operations in the Granite Wash Plays of western Oklahoma and the Texas Panhandle regions, and in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United States.