Chesapeake Energy Reaches New 1-Year High at $31.43 (CHK)
Chesapeake Energy (NYSE:CHK) shares hit a new 52-week high on Monday , Stock Ratings Network reports. The stock traded as high as $31.43 and last traded at $31.30, with a volume of 4,093,645 shares trading hands. The stock had previously closed at $30.89.
A number of analysts have recently weighed in on CHK shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chesapeake Energy in a research note on Wednesday, June 11th. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, 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. Finally, 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. Sixteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.22.
The stock’s 50-day moving average is $29.26 and its 200-day moving average is $27.10. The company has a market cap of $20.245 billion and a P/E ratio of 24.28. Chesapeake Energy also saw unusually large options trading on Friday. Traders bought 135,095 call options on the company. This is an increase of approximately 843% compared to the average daily volume of 14,320 call options.
Chesapeake Energy (NYSE:CHK) last posted its quarterly 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. Analysts expect that Chesapeake Energy will post $2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 1.13%.
In other Chesapeake Energy news, Director Thomas L. Ryan acquired 7,000 shares of the stock on the open market in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $29.38 per share, with a total value of $205,660.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
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