Chesapeake Energy Corporation (NYSE:CHK) was the recipient of a significant growth in short interest in the month of July. As of July 14th, there was short interest totalling 205,595,169 shares, a growth of 1.2% from the June 30th total of 203,139,837 shares. Based on an average trading volume of 28,026,496 shares, the short-interest ratio is presently 7.3 days. Approximately 23.0% of the shares of the stock are short sold.

In related news, Director Thomas L. Ryan purchased 75,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $375,000.00. Following the completion of the transaction, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director R Brad Martin purchased 20,000 shares of the stock in a transaction on Friday, May 26th. The stock was bought 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 directly owns 501,958 shares of the company’s stock, valued at $2,640,299.08. The disclosure for this purchase can be found here. Insiders acquired 115,400 shares of company stock worth $573,020 over the last quarter. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CHK. Tiedemann Wealth Management LLC increased its position 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 position 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 position 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. bought a new position in shares of Chesapeake Energy Corporation during the second quarter valued at approximately $115,000. Finally, Cutler Capital Management LLC bought a new position in shares of Chesapeake Energy Corporation during the first quarter valued at approximately $142,000. 64.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on CHK. Royal Bank Of Canada reiterated a “hold” rating and issued a $7.00 price target on shares of Chesapeake Energy Corporation in a research report on Tuesday, April 25th. Scotiabank set a $5.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Thursday. Vetr cut Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price target on the stock. in a research report on Tuesday, July 11th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $9.00 price target on shares of Chesapeake Energy Corporation in a research report on Monday, May 1st. Finally, Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Tuesday, June 6th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $6.74.

Chesapeake Energy Corporation (NYSE:CHK) opened at 4.53 on Friday. The firm’s market cap is $4.04 billion. Chesapeake Energy Corporation has a 1-year low of $4.38 and a 1-year high of $8.20. The firm has a 50-day moving average price of $4.84 and a 200 day moving average price of $5.50.

Chesapeake Energy Corporation (NYSE:CHK) last announced its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 7.64% and a negative net margin of 35.84%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) EPS. Equities analysts predict that Chesapeake Energy Corporation will post $0.78 earnings per share for the current year.

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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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