Stock Update: Chesapeake Energy Corporation (NYSE:CHK)

[BusinessWire] Chesapeake Energy Corporation (NYSE:CHK) has scheduled to release its 2014 third quarter operational update and financial results before market open on Wednesday, November 5, 2014. A conference call to discuss the results has been scheduled for the same day at 9:00 am EST.Stock PerformanceTaking a look at the company’s recent performance, Chesapeake Energy (CHK) reported Second quarter earnings for fiscal 2014 on August 06^th. The company reported actual earnings per share of $0.36 against the consensus Street estimate of $0.52. This represents year over year decline of 29.41%. Chesapeake Energy posted revenue of $5.15 billion against estimates of $4.67 billion.Chesapeake Energy is currently valued at $8.55 billion and closed the last trading session at $17.49. The stock has a 50-day moving average of $25.26 and a 200-day moving average of $26.48.

Is this a Buying Opportunity?There are currently eighteen analysts that we track that cover the stock. Of those eighteen, seven have a Buy rating and eleven have a hold rating. On a consensus basis this yields a score of 2.39 and a Hold. The combined price objective of these covering analysts is $31.93, which represents a 43.65% upside difference to the last closing price.The most recent analyst activity consisted of Zacks Investment Research reiterating their Neutral stance on the company. Zacks has a price target of $26 which represents an upside of 5.39% from the last closing price. On the date of the report, the stock closed at $24.67.Another research firm weighing in recently was Oppenheimer who lowered price target on the stock. On September 12^th Oppenheimer decreased their price target on the stock from $35.00 to $30.00, a 40.51% upside to the current price. On the day of the report, CHK shares closed at $24.91.Company ProfileChesapeake Energy (CHK) is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. The company operates in three segments: Exploration and Production; Marketing, Gathering, and Compression; and Oilfield Services. It holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas.