Chesapeake Energy Corporation (NYSE:CHK) announced its quarterly earnings results on Thursday. The oil and gas exploration company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, MarketWatch Earnings reports. Chesapeake Energy Corporation had a negative net margin of 35.84% and a negative return on equity of 7.64%. The firm 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 company earned ($0.14) EPS. The firm’s revenue was up 40.6% on a year-over-year basis.

Chesapeake Energy Corporation (NYSE:CHK) traded up 0.67% during midday trading on Friday, reaching $4.53. 32,156,347 shares of the company traded hands. The firm’s market capitalization is $4.04 billion. The firm’s 50 day moving average price is $4.84 and its 200 day moving average price is $5.50. Chesapeake Energy Corporation has a 12 month low of $4.38 and a 12 month high of $8.20.

CHK has been the subject of a number of research reports. ValuEngine raised shares of Chesapeake Energy Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Vetr raised shares of Chesapeake Energy Corporation from a “sell” rating to a “hold” rating and set a $4.80 price target for the company in a research report on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, May 12th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Chesapeake Energy Corporation in a research report on Friday, July 21st. Finally, FBR & Co reaffirmed a “sell” rating on shares of Chesapeake Energy Corporation in a research report on Friday, May 5th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.74.

In other Chesapeake Energy Corporation news, Director Thomas L. Ryan bought 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the transaction, the director now owns 440,355 shares in the company, valued at $2,201,775. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R Brad Martin bought 20,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The shares were acquired at an average price of $5.26 per share, for a total transaction of $105,200.00. Following the completion of the transaction, the director now owns 501,958 shares in the company, valued at approximately $2,640,299.08. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 115,400 shares of company stock worth $573,020. 1.10% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Capstone Asset Management Co. raised its stake in shares of Chesapeake Energy Corporation 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. Cigna Investments Inc. New raised its stake in shares of Chesapeake Energy Corporation 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. CIBC Asset Management Inc raised its stake in shares of Chesapeake Energy Corporation 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. Louisiana State Employees Retirement System raised its stake in shares of Chesapeake Energy Corporation by 1.1% in the second 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. Finally, Cleararc Capital Inc. raised 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 period. Institutional investors and hedge funds own 64.81% of the company’s stock.

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Chesapeake Energy Corporation 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.

Earnings History for Chesapeake Energy Corporation (NYSE:CHK)

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