Chesapeake Energy Corporation (NYSE:CHK) registered a -0.15% decrease, still its new closing price is 330.00% up from the company’s 1 year high of 8.20.It posted -6.66% losses in previous 5 sessions and is now the subject of 23 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 2 sells versus 2 buy or better ratings. The 34 stock analysts following this company have an average price target at $7.65, with individual PT in the $2.50-$11.00 range. The shares moved at $6.45, implying that brokerage firms see shares gaining about 100.93% in twelve months time.
Chesapeake Energy Corporation (CHK) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -8.12% fall year to date. A Director at Chesapeake Energy Corporation (CHK) acquired shares in a transaction closed on Tuesday September 20, 2016. DUNHAM ARCHIE W bought 1,000,000 shares in the company at $6.67 each and collected $6,670,000 in proceeds. DUNHAM ARCHIE W now owns 4,127,951 shares in the company after this transaction. A Director in the company, DUNHAM ARCHIE W, disclosed a transaction on Monday August 22, 2016 that ended up paying $2,124,001 from the purchase of 350,000 shares at $6.07 per share.
Chesapeake Energy Corporation (NYSE:CHK) Upcoming Results on Tap
Chesapeake Energy Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.16 in that period. Sales during the quarter are predicted to arrive at $2.18 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.28 billion in revenue and EPS of $0.09. The mean forecast was for $2.18 billion and $-0.03 a share, respectively. One quarter earlier, revenue for the stock was at $1.62 billion, with earnings at $-0.14/share.
Chesapeake Energy Corporation (CHK) Brokerage Update
Chesapeake Energy Corporation (CHK) is in Jefferies’s research list so their analyst rating change is noteworthy. These shares were upgraded to Hold from Underperform by Jefferies, according to news reported on Thursday November 10, 2016.Another important research note was issued by RBC Capital Mkts on Tuesday October 25, 2016.The firm upgraded CHK to Sector Perform from Underperform. Over the last six months and over the last three months, the shares of Chesapeake Energy Corporation (CHK), have changed 26.72% and 11.40%, respectively.