Analysts Take on Chesapeake Energy Corp (CHK)


Traders purchased 71,986 call options on the company. This is an increase of 365% compared to the typical volume of 15,482 call options.

Chesapeake Energy Corporation (CHK) traded down 2.60% during mid-day trading on Thursday, reaching $4.50. Credit Suisse Ag invested in 19,478 shares or 0% of the stock. Chesapeake Energy Corporation has a 52 week low of $4.38 and a 52 week high of $8.20. The company has a 50 day moving average of $4.84 and a 200 day moving average of $5.50.

Market cap - or market capitalization - refers to the total value of all a company's shares of stock.

The company was trading up more than 3% Thursday, Aug. 3 after announcing that its second quarter earnings beat analyst expectations despite a downturn in volume over the same quarter a year ago of about 25%. However the company reported $-0.14 earnings per share for the same quarter during a year ago. Average daily production for the 2017 second quarter of about 527,600 barrels of oil equivalent (boe) raised by 2% sequentially, adjusted for asset sales, and compriseed of about 88,400 barrels (bbls) of oil, 2.294 billion cubic feet (bcf) of natural gas and 56,900 bbls of natural gas liquids (NGL). The company had revenue of $185.20 million for the quarter, compared to analysts' expectations of $159.70 million. The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 27.8%.

Shares of Chesapeake Energy Corp. erased earlier sharp gains to head toward a fourth-straight loss, as disappointing production data offset a profit and revenue beat. The shares were purchased at an average cost of $4.55 per share, for a total transaction of $92,820.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Brad Martin purchased 20,400 shares of the firm's stock in a transaction dated Friday, June 23rd. Following the completion of the transaction, the director now directly owns 440,355 shares of the company's stock, valued at $2,201,775. The disclosure for this purchase can be found here.

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A number of other large investors also recently made changes to their positions in the company. Wedbush Securities Inc. boosted its position in shares of Chesapeake Energy Corporation by 1.6% in the second quarter. Finally, Eqis Capital Management Inc. acquired a new position in Chesapeake Utilities Corporation during the first quarter valued at approximately $208,000. Envestnet Asset Management Inc. now owns 2,812 shares of the utilities provider's stock valued at $194,000 after buying an additional 46 shares during the last quarter. Flinton Capital Management LLC boosted its position in Chesapeake Energy Corporation by 25.4% in the first quarter. Chesapeake Utilities Corporation has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company's stock worth $221,000 after buying an additional 7,733 shares during the last quarter.

Several research analysts have recently commented on the company. SunTrust Banks, Inc. reiterated a "buy" rating and set a $9.00 target price on shares of Chesapeake Energy Corporation in a research report on Monday, May 1st. Chesapeake Energy Corporation presently has a consensus rating of Hold and an average price target of $6.74. Finally, James Investment Research Inc. increased its stake in shares of Chesapeake Energy Corporation by 3,211.0% in the second quarter. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock.

The Relative Volume of the company is 1.21 and Average Volume (3 months) is 36.73 million. If you are viewing this report on another domain, it was copied illegally and republished in violation of U.S. & worldwide trademark and copyright laws.

TRADEMARK VIOLATION WARNING: "Chesapeake Utilities Corporation (NYSE:CPK) Sets New 12-Month High at $78.16" was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport.

These factors were partially offset by higher margins from natural gas transmission and distribution operations in Florida and on the Delmarva Peninsula, the Eight Flags Energy LLC ('Eight Flags') combined heat and power ('CHP') plant and Aspire Energy of Ohio, LLC ('Aspire Energy').