Chesapeake Energy Corp. (NYSE:CHK) EVP Douglas Jacobson sold 12,500 shares of the stock on the open market in a transaction that occured on Friday, August 23rd. The shares were sold at an average price of $26.00, for a total transaction of $325,000.00. Following the transaction, the executive vice president now directly owns 917,245 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on CHK shares. Analysts at Susquehanna downgraded shares of Chesapeake Energy Corp. from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $26.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Oppenheimer raised their price target on shares of Chesapeake Energy Corp. from $24.00 to $30.00 in a research note to investors on Thursday, August 15th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Chesapeake Energy Corp. in a research note to investors on Friday, August 2nd.
Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.85.
Chesapeake Energy Corp. (NYSE:CHK) traded down 0.88% during mid-day trading on Tuesday, hitting $26.1177. The stock had a trading volume of 2,873,491 shares. Chesapeake Energy Corp. has a one year low of $16.23 and a one year high of $26.63. The stock has a 50-day moving average of $23.64 and a 200-day moving average of $21.24. The company’s market cap is $16.962 billion. Chesapeake Energy Corp. also was the target of some unusual options trading on Monday. Investors bought 36,113 put options on the stock. This is an increase of approximately 126% compared to the typical volume of 15,976 put options.
Chesapeake Energy Corp. (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.25. The company had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. Analysts expect that Chesapeake Energy Corp. will post $1.62 EPS for the current fiscal year.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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