Chesapeake Energy Sees Unusually High Options Volume (CHK)
Chesapeake Energy (NYSE:CHK) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 3,584 call options on the company, Analyst Ratings News reports. This is an increase of approximately 103% compared to the typical volume of 1,768 call options.
CHK has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Chesapeake Energy from $33.00 to $30.00 in a research note on Thursday, August 7th. Separately, analysts at Stifel Nicolaus upgraded shares of Chesapeake Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $34.00 price target on the stock. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.71.
Chesapeake Energy (NYSE:CHK) traded up 2.08% during mid-day trading on Thursday, hitting $26.98. 7,550,133 shares of the company’s stock traded hands. Chesapeake Energy has a 52 week low of $22.6301 and a 52 week high of $29.92. The stock has a 50-day moving average of $26.80 and a 200-day moving average of $26.38. The company has a market cap of $17.561 billion and a P/E ratio of 33.37.
Chesapeake Energy (NYSE:CHK) last released its earnings data on Wednesday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.16. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Chesapeake Energy will post $1.79 EPS for the current fiscal year.
Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.