Chesapeake Energy Sees Unusually Large Options Volume (CHK)
Shares of Chesapeake Energy (NYSE:CHK) saw unusually large options trading on Thursday. Traders acquired 14,685 put options on the company, StockRatingsNetwork.com reports. This is an increase of 122% compared to the typical volume of 6,620 put options.
A number of research firms have recently commented on CHK. Analysts at Oppenheimer raised their price target on shares of Chesapeake Energy from $30.00 to $35.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Chesapeake Energy from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, analysts at Jefferies Group raised their price target on shares of Chesapeake Energy from $31.00 to $35.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.17.
Shares of Chesapeake Energy (NYSE:CHK) traded up 1.98% during mid-day trading on Thursday, hitting $29.87. The stock had a trading volume of 12,662,929 shares. Chesapeake Energy has a 52 week low of $19.32 and a 52 week high of $30.48. The stock’s 50-day moving average is $28.67 and its 200-day moving average is $26.75. The company has a market cap of $19.382 billion and a P/E ratio of 23.03.
Chesapeake Energy (NYSE:CHK) last announced its earnings results on Wednesday, May 7th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 47.4% on a year-over-year basis. On average, analysts predict that Chesapeake Energy will post $2.06 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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