Investors Buy Large Volume of Put Options on Chesapeake Energy Corp. (CHK)
Shares of Chesapeake Energy Corp. (NYSE:CHK) was the target of some unusual options trading on Friday. Stock traders purchased 12,841 put options on the company, Stock Ratings Network.com reports. This is an increase of approximately 104% compared to the typical daily volume of 6,293 put options.
A number of analysts have recently weighed in on CHK shares. Analysts at SunTrust upgraded shares of Chesapeake Energy Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 21st. They now have a $35.00 price target on the stock, up previously from $28.00. Separately, 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, January 7th. They now have a $31.00 price target on the stock, down previously from $36.00. Finally, 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. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Chesapeake Energy Corp. currently has a consensus rating of “Hold” and a consensus target price of $26.00.
Chesapeake Energy Corp. (NYSE:CHK) traded down 0.26% on Friday, hitting $26.91. 7,829,573 shares of the company’s stock traded hands. Chesapeake Energy Corp. has a one year low of $18.21 and a one year high of $29.06. The stock has a 50-day moving average of $26.57 and a 200-day moving average of $26.05. The company has a market cap of $17.443 billion and a price-to-earnings ratio of 19.85.
Chesapeake Energy Corp. (NYSE:CHK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters 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. On average, analysts predict that Chesapeake Energy Corp. will post $1.66 earnings per share for the current fiscal year.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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