Chesapeake Energy Corp. (NYSE:CHK) Director Archie W. Dunham acquired 1,000,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was purchased at an average price of $6.67 per share, with a total value of $6,670,000.00. Following the acquisition, the director now owns 4,127,951 shares of the company’s stock, valued at $27,533,433.17. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of Chesapeake Energy Corp. (NYSE:CHK) opened at 6.74 on Thursday. The company’s market cap is $5.17 billion. The firm has a 50 day moving average price of $6.27 and a 200-day moving average price of $5.12. Chesapeake Energy Corp. has a 12 month low of $1.50 and a 12 month high of $9.55.

Chesapeake Energy Corp. (NYSE:CHK) last announced its quarterly earnings results on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.91 billion. Chesapeake Energy Corp. had a negative return on equity of 16.16% and a negative net margin of 104.29%. Chesapeake Energy Corp.’s quarterly revenue was down 53.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. Analysts anticipate that Chesapeake Energy Corp. will post ($0.20) earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the company. HBK Investments L P increased its position in shares of Chesapeake Energy Corp. by 119.5% in the first quarter. HBK Investments L P now owns 458,836 shares of the oil and gas exploration company’s stock worth $1,890,000 after buying an additional 2,807,042 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Chesapeake Energy Corp. by 52.3% in the first quarter. Riverhead Capital Management LLC now owns 543,732 shares of the oil and gas exploration company’s stock worth $2,240,000 after buying an additional 186,648 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Chesapeake Energy Corp. by 134.1% in the first quarter. Spark Investment Management LLC now owns 1,110,200 shares of the oil and gas exploration company’s stock worth $4,574,000 after buying an additional 635,900 shares in the last quarter. ING Groep NV boosted its stake in shares of Chesapeake Energy Corp. by 570.3% in the first quarter. ING Groep NV now owns 124,000 shares of the oil and gas exploration company’s stock worth $510,000 after buying an additional 105,500 shares in the last quarter. Finally, CapWealth Advisors LLC boosted its stake in shares of Chesapeake Energy Corp. by 89.5% in the first quarter. CapWealth Advisors LLC now owns 184,600 shares of the oil and gas exploration company’s stock worth $761,000 after buying an additional 87,200 shares in the last quarter. 63.89% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on CHK shares. Vetr upgraded Chesapeake Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $5.01 price objective for the company in a report on Wednesday, May 25th. Wunderlich restated a “hold” rating and issued a $6.00 price objective on shares of Chesapeake Energy Corp. in a report on Thursday, May 26th. Deutsche Bank AG restated a “hold” rating on shares of Chesapeake Energy Corp. in a report on Thursday, June 2nd. Royal Bank Of Canada lowered Chesapeake Energy Corp. from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from $4.97 to $5.00 in a report on Thursday, June 9th. They noted that the move was a valuation call. Finally, KLR Group reaffirmed a “buy” rating and set a $7.00 target price on shares of Chesapeake Energy Corp. in a report on Thursday, June 9th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.94.

Chesapeake Energy Corp. Company Profile

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

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