Chesapeake Energy Stock Rating Upgraded by Tudor Pickering (CHK)
Shares of Chesapeake Energy (NYSE:CHK) opened at 27.64 on Monday. Chesapeake Energy has a 52-week low of $19.32 and a 52-week high of $30.48. The stock has a 50-day moving average of $27.89 and a 200-day moving average of $26.61. The company has a market cap of $17.935 billion and a P/E ratio of 22.79. Chesapeake Energy also was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 50,094,206 shares, a decrease of 6.2% from the April 15th total of 53,427,187 shares. Approximately 7.7% of the company’s stock are sold short. Based on an average daily trading volume, of 7,466,513 shares, the short-interest ratio is currently 6.7 days.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.11. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 47.4% on a year-over-year basis. Analysts expect that Chesapeake Energy will post $2.00 EPS for the current fiscal year.
In other Chesapeake Energy news, EVP Douglas Jacobson sold 12,500 shares of the stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $30.00, for a total transaction of $375,000.00. Following the completion of the sale, the executive vice president now directly owns 866,692 shares of the company’s stock, valued at approximately $26,000,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on CHK. Analysts at SunTrust raised their price target on shares of Chesapeake Energy from $35.00 to $37.00 in a research note on Monday, May 12th. Separately, analysts at TheStreet upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, analysts at Wunderlich raised their price target on shares of Chesapeake Energy from $34.00 to $36.00 in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.33.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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