Chesapeake Energy Corp. (NYSE:CHK) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 137,995,675 shares, a growth of 24.1% from the October 14th total of 111,184,379 shares. Based on an average daily volume of 60,323,427 shares, the short-interest ratio is currently 2.3 days. Currently, 18.0% of the company’s shares are sold short.

Several equities research analysts recently commented on the company. KLR Group reaffirmed a “buy” rating and set a $9.00 target price (up previously from $8.00) on shares of Chesapeake Energy Corp. in a research note on Thursday, August 11th. Royal Bank Of Canada upgraded Chesapeake Energy Corp. from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $7.00 to $8.00 in a report on Tuesday, October 25th. Wells Fargo & Co. reiterated a “market perform” rating on shares of Chesapeake Energy Corp. in a report on Sunday, October 23rd. RBC Capital Markets upgraded Chesapeake Energy Corp. from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from $7.00 to $8.00 in a report on Tuesday, October 25th. Finally, Nomura upgraded Chesapeake Energy Corp. from a “reduce” rating to a “neutral” rating and increased their price target for the stock from $4.00 to $7.50 in a report on Friday, October 21st. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $7.44.

Shares of Chesapeake Energy Corp. (NYSE:CHK) opened at 5.94 on Friday. Chesapeake Energy Corp. has a 52 week low of $1.50 and a 52 week high of $8.15. The company’s market cap is $4.55 billion. The firm’s 50-day moving average price is $6.06 and its 200 day moving average price is $5.42.

Chesapeake Energy Corp. (NYSE:CHK) last posted its quarterly earnings data on Thursday, November 3rd. The oil and gas exploration company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The firm earned $2.28 billion during the quarter, compared to analyst estimates of $2.18 billion. Chesapeake Energy Corp. had a negative return on equity of 16.16% and a negative net margin of 70.72%. Chesapeake Energy Corp.’s revenue was down 32.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. On average, equities research analysts forecast that Chesapeake Energy Corp. will post ($0.05) EPS for the current year.

In other Chesapeake Energy Corp. news, Director Archie W. Dunham bought 350,000 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average price of $6.07 per share, with a total value of $2,124,500.00. Following the completion of the purchase, the director now directly owns 3,127,951 shares of the company’s stock, valued at approximately $18,986,662.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Archie W. Dunham bought 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were acquired at an average cost of $6.67 per share, with a total value of $6,670,000.00. Following the purchase, the director now directly owns 4,127,951 shares of the company’s stock, valued at $27,533,433.17. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Chesapeake Energy Corp. by 10.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,146,171 shares of the oil and gas exploration company’s stock worth $7,186,000 after buying an additional 106,800 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of Chesapeake Energy Corp. during the third quarter worth about $359,000. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Chesapeake Energy Corp. by 4.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 131,923 shares of the oil and gas exploration company’s stock worth $827,000 after buying an additional 5,714 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Chesapeake Energy Corp. by 226.0% in the third quarter. Verition Fund Management LLC now owns 79,940 shares of the oil and gas exploration company’s stock worth $501,000 after buying an additional 55,422 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in shares of Chesapeake Energy Corp. by 205.3% in the third quarter. Cetera Advisor Networks LLC now owns 32,836 shares of the oil and gas exploration company’s stock worth $206,000 after buying an additional 22,082 shares during the last quarter. Hedge funds and other institutional investors own 64.91% of the company’s stock.

About Chesapeake Energy Corp.

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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