Stock Traders Buy Large Volume of Chesapeake Energy Corp. Call Options (CHK)
Shares of Chesapeake Energy Corp. (NYSE:CHK) was the target of unusually large options trading on Friday. Investors purchased 101,852 call options on the stock, ARN reports. This is an increase of approximately 705% compared to the typical daily volume of 12,659 call options.
CHK has been the subject of a number of recent research reports. Analysts at Bank of America Corp. downgraded shares of Chesapeake Energy Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $31.00 price target on the stock, down previously from $36.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Chesapeake Energy Corp. in a research note to investors on Monday, December 30th. They now have a $29.00 price target on the stock. Finally, analysts at SunTrust raised their price target on shares of Chesapeake Energy Corp. from $19.00 to $28.00 in a research note to investors on Tuesday, November 12th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and seven have issued a buy rating to the company’s stock. Chesapeake Energy Corp. currently has an average rating of “Hold” and a consensus price target of $25.59.
Chesapeake Energy Corp. (NYSE:CHK) traded up 0.39% on Friday, hitting $25.71. 5,660,796 shares of the company’s stock traded hands. Chesapeake Energy Corp. has a 1-year low of $16.55 and a 1-year high of $29.06. The stock has a 50-day moving average of $26.72 and a 200-day moving average of $25.50. The company has a market cap of $16.665 billion and a price-to-earnings ratio of 18.84.
Chesapeake Energy Corp. (NYSE:CHK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 63.9% on a year-over-year basis. Analysts expect that Chesapeake Energy Corp. will post $1.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of 0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, January 13th.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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