Chesapeake Energy (NYSE:CHK) Director Thomas L. Ryan bought 7,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $29.38 per share, for a total transaction of $205,660.00. Following the transaction, the director now directly owns 70,414 shares of the company’s stock, valued at approximately $2,068,763. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Chesapeake Energy (NYSE:CHK) traded up 1.53% during mid-day trading on Thursday, hitting $30.49. The stock had a trading volume of 10,473,288 shares. Chesapeake Energy has a 52-week low of $19.32 and a 52-week high of $30.48. The stock’s 50-day moving average is $28.90 and its 200-day moving average is $26.90. The company has a market cap of $19.784 billion and a price-to-earnings ratio of 23.61.
Chesapeake Energy (NYSE:CHK) last announced its earnings results on Wednesday, May 7th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.11. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 47.4% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post $2.07 earnings per share for the current fiscal year.
A number of research firms have recently commented on CHK. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chesapeake Energy in a research note on Wednesday. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, analysts at Oppenheimer raised their price target on shares of Chesapeake Energy from $30.00 to $35.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Chesapeake Energy from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Sixteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus target price of $29.22.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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