Chesapeake Energy Corporation (NYSE:CHK) was the recipient of a large decline in short interest in the month of September. As of September 29th, there was short interest totalling 193,127,446 shares, a decline of 3.4% from the September 15th total of 199,867,848 shares. Currently, 21.6% of the shares of the company are sold short. Based on an average daily volume of 27,363,086 shares, the short-interest ratio is presently 7.1 days.

Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 3.77 on Thursday. The company has a 50 day moving average of $4.01 and a 200-day moving average of $4.76. The stock’s market cap is $3.36 billion. Chesapeake Energy Corporation has a one year low of $3.55 and a one year high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. On average, analysts anticipate that Chesapeake Energy Corporation will post $0.72 earnings per share for the current year.

In other news, Director R Brad Martin bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the purchase, the director now directly owns 547,358 shares in the company, valued at approximately $2,249,641.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.14% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Chesapeake Energy Corporation by 0.3% in the 2nd 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 grew its holdings in Chesapeake Energy Corporation by 0.7% in the 2nd 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 grew its holdings in Chesapeake Energy Corporation by 0.9% in the 2nd 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. CIBC Asset Management Inc grew its holdings in Chesapeake Energy Corporation by 0.6% in the 2nd 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. Finally, Louisiana State Employees Retirement System grew its holdings in Chesapeake Energy Corporation by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock valued at $235,000 after buying an additional 500 shares during the period. Institutional investors own 64.56% of the company’s stock.

CHK has been the subject of several analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Chesapeake Energy Corporation in a research note on Friday, July 21st. Vetr cut shares of Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 target price for the company. in a research note on Monday, July 17th. ValuEngine upgraded shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $3.00 target price on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chesapeake Energy Corporation has an average rating of “Hold” and a consensus price target of $6.01.

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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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