Investors Purchase High Volume of Put Options on Chesapeake Energy Corp. (CHK)
Chesapeake Energy Corp. (NYSE:CHK) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 22,934 put options on the stock, StockRatingsNetwork.com reports. This is an increase of 112% compared to the typical daily volume of 10,828 put options.
Several analysts have recently commented on the stock. 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 assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.85.
Shares of Chesapeake Energy Corp. (NYSE:CHK) traded down 0.23% during mid-day trading on Wednesday, hitting $25.99. The stock had a trading volume of 10,101,051 shares. Chesapeake Energy Corp. has a 52 week low of $16.23 and a 52 week high of $27.46. The stock has a 50-day moving average of $26.2 and a 200-day moving average of $22.49. The company’s market cap is $16.879 billion.
Chesapeake Energy Corp. (NYSE:CHK) last posted its earnings data on Thursday, August 1st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. On average, analysts predict that Chesapeake Energy Corp. will post $1.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.09 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, October 10th.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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