Chesapeake Energy Corporation (NYSE:CHK) saw unusually large options trading activity on Tuesday. Investors acquired 29,147 call options on the stock. This is an increase of approximately 143% compared to the average daily volume of 11,975 call options.

CHK has been the subject of several research analyst reports. Barclays PLC reaffirmed a “sell” rating and set a $4.00 target price (down previously from $5.00) on shares of Chesapeake Energy Corporation in a research note on Thursday, April 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $7.00 target price on shares of Chesapeake Energy Corporation in a research note on Tuesday, April 25th. Jefferies Group LLC set a $6.00 target price on shares of Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Thursday, April 27th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $9.00 target price on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. Finally, Scotiabank reaffirmed a “hold” rating and set a $6.00 target price on shares of Chesapeake Energy Corporation in a research note on Friday, May 5th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chesapeake Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $6.55.

In related news, Director R Brad Martin bought 25,000 shares of the stock in a transaction on Friday, August 11th. The stock was bought at an average price of $4.11 per share, with a total value of $102,750.00. Following the completion of the purchase, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas L. Ryan bought 75,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $5.00 per share, with a total value of $375,000.00. Following the purchase, the director now owns 440,355 shares of the company’s stock, valued at $2,201,775. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 140,400 shares of company stock valued at $675,770. 1.10% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. raised its position in shares of Chesapeake Energy Corporation by 13.3% in the first quarter. Suntrust Banks Inc. now owns 304,713 shares of the oil and gas exploration company’s stock worth $1,808,000 after buying an additional 35,690 shares during the last quarter. Amalgamated Bank raised its position in shares of Chesapeake Energy Corporation by 1.0% in the first quarter. Amalgamated Bank now owns 94,374 shares of the oil and gas exploration company’s stock worth $561,000 after buying an additional 958 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Chesapeake Energy Corporation by 25.4% in the first quarter. Flinton Capital Management LLC now owns 82,768 shares of the oil and gas exploration company’s stock worth $492,000 after buying an additional 16,772 shares during the last quarter. State Street Corp raised its position in shares of Chesapeake Energy Corporation by 6.0% in the first quarter. State Street Corp now owns 43,785,695 shares of the oil and gas exploration company’s stock worth $260,083,000 after buying an additional 2,476,711 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Chesapeake Energy Corporation by 26.3% in the first quarter. US Bancorp DE now owns 37,164 shares of the oil and gas exploration company’s stock worth $221,000 after buying an additional 7,733 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 3.88 on Friday. The firm’s market cap is $3.46 billion. The firm’s 50-day moving average is $4.63 and its 200-day moving average is $5.30. Chesapeake Energy Corporation has a 12-month low of $3.81 and a 12-month high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. Chesapeake Energy Corporation’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. Equities analysts expect that Chesapeake Energy Corporation will post $0.76 earnings per share for the current fiscal year.

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About Chesapeake Energy Corporation

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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