Chesapeake Energy Co. (NYSE:CHK) was the recipient of some unusual options trading on Monday. Investors purchased 75,259 put options on the company. This represents an increase of approximately 483% compared to the typical daily volume of 12,904 put options.

A number of brokerages have weighed in on CHK. ValuEngine upgraded Chesapeake Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. Vetr upgraded Chesapeake Energy from a “sell” rating to a “hold” rating and set a $4.80 price objective on the stock in a report on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating on shares of Chesapeake Energy in a report on Friday, May 12th. Stifel Nicolaus restated a “buy” rating on shares of Chesapeake Energy in a report on Friday, July 21st. Finally, FBR & Co restated a “sell” rating on shares of Chesapeake Energy in a report on Friday, May 5th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $6.53.

In other Chesapeake Energy news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the transaction, the director now directly owns 547,358 shares of the company’s stock, valued at approximately $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CHK. Capstone Asset Management Co. increased its position in Chesapeake Energy by 0.4% in the first quarter. Capstone Asset Management Co. now owns 39,943 shares of the oil and gas exploration company’s stock valued at $237,000 after buying an additional 140 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Chesapeake Energy by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after buying an additional 164 shares during the period. Exencial Wealth Advisors LLC increased its position in Chesapeake Energy by 0.7% in the second quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after buying an additional 226 shares during the period. Cigna Investments Inc. New increased its position in Chesapeake Energy by 0.9% in the second quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock valued at $153,000 after buying an additional 281 shares during the period. Finally, CIBC Asset Management Inc increased its position in Chesapeake Energy by 0.6% in the second quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock valued at $309,000 after buying an additional 381 shares during the period. Hedge funds and other institutional investors own 64.51% of the company’s stock.

Shares of Chesapeake Energy (NYSE CHK) opened at 3.76 on Friday. Chesapeake Energy has a 12 month low of $3.62 and a 12 month high of $8.20. The firm’s market capitalization is $3.35 billion. The company’s 50 day moving average price is $4.32 and its 200-day moving average price is $5.10.

Chesapeake Energy (NYSE:CHK) last released its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the company posted ($0.14) earnings per share. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities analysts predict that Chesapeake Energy will post $0.75 earnings per share for the current fiscal year.

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Chesapeake Energy Company Profile

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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