Chesapeake Energy Corp. Target of Unusually High Options Trading (CHK)
Chesapeake Energy Corp. (NYSE:CHK) saw some unusual options trading on Friday. Stock traders purchased 22,469 put options on the stock, AR Network reports. This is an increase of approximately 191% compared to the typical volume of 7,723 put options.
A number of analysts have recently weighed in on CHK shares. 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 analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. Chesapeake Energy Corp. currently has a consensus rating of “Hold” and an average price target of $23.90.
Chesapeake Energy Corp. (NYSE:CHK) traded up 2.24% on Friday, hitting $28.25. The stock had a trading volume of 25,341,412 shares. Chesapeake Energy Corp. has a 52-week low of $16.23 and a 52-week high of $27.78. The stock’s 50-day moving average is $26.45 and its 200-day moving average is $22.77. The company’s market cap is $18.347 billion.
Chesapeake Energy Corp. (NYSE:CHK) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.09 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, October 10th.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.