Chesapeake Energy Corporation (NYSE:CHK) Director R Brad Martin acquired 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $4.11 per share, with a total value of $102,750.00. Following the purchase, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

R Brad Martin also recently made the following trade(s):

  • On Friday, June 23rd, R Brad Martin acquired 20,400 shares of Chesapeake Energy Corporation stock. The shares were acquired at an average cost of $4.55 per share, with a total value of $92,820.00.
  • On Friday, May 26th, R Brad Martin acquired 20,000 shares of Chesapeake Energy Corporation stock. The shares were acquired at an average cost of $5.26 per share, with a total value of $105,200.00.

Shares of Chesapeake Energy Corporation (NYSE CHK) traded down 1.97% on Tuesday, reaching $3.99. The company had a trading volume of 6,933,349 shares. Chesapeake Energy Corporation has a 52 week low of $3.97 and a 52 week high of $8.20. The firm’s market capitalization is $3.56 billion. The stock’s 50 day moving average is $4.70 and its 200 day moving average is $5.34.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative net margin of 9.52% and a negative return on equity of 16.10%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, equities analysts anticipate that Chesapeake Energy Corporation will post $0.73 EPS for the current year.

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

A number of hedge funds have recently made changes to their positions in the company. Tiedemann Wealth Management LLC increased its stake 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 last quarter. Hollencrest Securities LLC increased its stake 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 last quarter. Cleararc Capital Inc. increased its stake in shares of 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 during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at about $115,000. Finally, UBS Oconnor LLC purchased a new stake in shares of Chesapeake Energy Corporation during the second quarter valued at about $122,000. 64.25% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Chesapeake Energy Corporation (NYSE:CHK)

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