Chesapeake Energy Corp. Sets New 1-Year High at $27.29 (CHK)
Shares of Chesapeake Energy Corp. (NYSE:CHK) hit a new 52-week high during trading on Wednesday, AR Network reports. The stock traded as high as $27.29 and last traded at $27.23, with a volume of 9,106,439 shares trading hands. The stock had previously closed at $26.34.
A number of analysts have recently weighed in on CHK shares. Analysts at Susquehanna downgraded shares of Chesapeake Energy Corp. (NYSE:CHK) 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. (NYSE:CHK) 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. (NYSE:CHK) in a research note to investors on Friday, August 2nd.
Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.85.
In other Chesapeake Energy Corp. news, SVP Martha Burger unloaded 48,100 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $26.03, for a total transaction of $1,252,043.00. Following the transaction, the senior vice president now directly owns 254,324 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
Chesapeake Energy Corp. has a 52-week low of $16.23 and a 52-week high of $26.63. The stock has a 50-day moving average of $24.97 and a 200-day moving average of $21.67. The company’s market cap is $17.561 billion.
Chesapeake Energy Corp. (NYSE:CHK) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.06 earnings per share. Chesapeake Energy Corp.’s revenue was up 37.9% compared to the same quarter last year. Analysts expect that Chesapeake Energy Corp. will post $1.63 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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