Chesapeake Energy Corp. Hits New 52-Week High at $27.55 (CHK)
Shares of Chesapeake Energy Corp. (NYSE:CHK) hit a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network reports. The stock traded as high as $27.55 and last traded at $27.52, with a volume of 7,667,042 shares trading hands. The stock had previously closed at $26.50.
CHK has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus downgraded shares of Chesapeake Energy Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, October 11th. They now have a $26.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.90.
Chesapeake Energy Corp. has a 1-year low of $16.23 and a 1-year high of $27.46. The stock has a 50-day moving average of $26.37 and a 200-day moving average of $22.71. The company’s market cap is $17.925 billion. Chesapeake Energy Corp. also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 17,884 call options on the stock. This is an increase of 185% compared to the average daily volume of 6,266 call 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 $1.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Stockholders 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 1.32%. 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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