Chesapeake Energy Corp. EVP Unloads $354,250 in Stock (CHK)
Chesapeake Energy Corp. (NYSE:CHK) EVP Douglas Jacobson sold 12,500 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $28.34, for a total value of $354,250.00. Following the completion of the sale, the executive vice president now directly owns 904,808 shares of the company’s stock, valued at approximately $25,642,259. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Capital One Financial Corp. downgraded shares of Chesapeake Energy Corp. from an “add” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Susquehanna reiterated a “hold” rating on shares of Chesapeake Energy Corp. in a research note to investors on Monday. They now have a $26.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Chesapeake Energy Corp. from $23.00 to $27.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.10.
Chesapeake Energy Corp. (NYSE:CHK) traded up 0.50% on Tuesday, hitting $28.19. The stock had a trading volume of 10,858,571 shares. Chesapeake Energy Corp. has a 1-year low of $16.23 and a 1-year high of $27.29. The stock’s 50-day moving average is $25.35 and its 200-day moving average is $21.80. The company’s market cap is $18.308 billion.
Chesapeake Energy Corp. (NYSE:CHK) last released its 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 $1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Investors 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.
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