Chesapeake Energy Corporation (NYSE:CHK) saw some unusual options trading on Thursday. Traders acquired 71,986 call options on the stock. This is an increase of 365% compared to the typical volume of 15,482 call options.

Shares of Chesapeake Energy Corporation (CHK) traded down 2.60% during mid-day trading on Thursday, hitting $4.50. The company had a trading volume of 65,127,449 shares. Chesapeake Energy Corporation has a 52 week low of $4.38 and a 52 week high of $8.20. The firm has a 50-day moving average price of $4.84 and a 200-day moving average price of $5.50. The firm’s market capitalization is $4.09 billion.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned ($0.14) earnings per share. Chesapeake Energy Corporation’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts forecast that Chesapeake Energy Corporation will post $0.78 earnings per share for the current year.

A number of analysts have recently weighed in on CHK shares. Bank of America Corporation restated a “buy” rating on shares of Chesapeake Energy Corporation in a research note on Friday, May 12th. ValuEngine upgraded Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research report on Monday, May 1st. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price objective for the company. in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.74.

In related news, Director R Brad Martin acquired 20,000 shares of the company’s stock in a transaction on Friday, May 26th. The stock was purchased at an average cost of $5.26 per share, for a total transaction of $105,200.00. Following the completion of the purchase, the director now directly owns 501,958 shares of the company’s stock, valued at approximately $2,640,299.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas L. Ryan acquired 75,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average price of $5.00 per share, with a total value of $375,000.00. Following the completion of the purchase, the director now directly owns 440,355 shares of the company’s stock, valued at $2,201,775. The disclosure for this purchase can be found here. Insiders bought 115,400 shares of company stock valued at $573,020 over the last three months. 1.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tiedemann Wealth Management LLC boosted its position in shares of Chesapeake Energy Corporation by 21.0% in the first quarter. Tiedemann Wealth Management LLC now owns 16,999 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 2,952 shares during the period. Hollencrest Securities LLC boosted its position in shares of Chesapeake Energy Corporation by 6.1% in the first quarter. Hollencrest Securities LLC now owns 17,275 shares of the oil and gas exploration company’s stock valued at $103,000 after buying an additional 1,000 shares during the period. Putnam Investments LLC boosted its position in shares of Chesapeake Energy Corporation by 6.9% in the fourth quarter. Putnam Investments LLC now owns 15,394 shares of the oil and gas exploration company’s stock valued at $108,000 after buying an additional 1,000 shares during the period. Cleararc Capital Inc. raised its position in Chesapeake Energy Corporation by 2.8% in the first quarter. Cleararc Capital Inc. now owns 18,627 shares of the oil and gas exploration company’s stock valued at $111,000 after buying an additional 508 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Chesapeake Energy Corporation during the second quarter valued at about $115,000. 64.81% of the stock is owned by hedge funds and other institutional investors.

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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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