Traders sold shares of Chesapeake Energy Corporation (NYSE:CHK) on strength during trading hours on Tuesday. $18.78 million flowed into the stock on the tick-up and $28.10 million flowed out of the stock on the tick-down, for a money net flow of $9.32 million out of the stock. Of all companies tracked, Chesapeake Energy Corporation had the 32nd highest net out-flow for the day. Chesapeake Energy Corporation traded up $0.05 for the day and closed at $4.40

Several brokerages have recently weighed in on CHK. Vetr downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 target price for the company. in a research report on Monday, July 31st. ValuEngine downgraded Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Scotiabank set a $5.00 target price on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research report on Thursday, August 3rd. BidaskClub downgraded Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Chesapeake Energy Corporation presently has a consensus rating of “Hold” and a consensus price target of $6.74.

The company’s 50-day moving average is $4.79 and its 200-day moving average is $5.48. The company’s market capitalization is $3.92 billion.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings results 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 net margin of 9.52% and a negative return on equity of 16.10%. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. On average, equities research analysts predict that Chesapeake Energy Corporation will post $0.78 EPS for the current fiscal year.

In other news, Director R Brad Martin bought 20,000 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 501,958 shares of the company’s stock, valued at approximately $2,640,299.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas L. Ryan bought 75,000 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average price of $5.00 per share, with a total value of $375,000.00. Following the purchase, the director now directly owns 440,355 shares of the company’s stock, valued at approximately $2,201,775. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 115,400 shares of company stock valued at $573,020. Corporate insiders own 1.14% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CHK. Tiedemann Wealth Management LLC boosted its position in 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 worth $101,000 after buying an additional 2,952 shares during the period. Hollencrest Securities LLC boosted its position in 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 worth $103,000 after buying an additional 1,000 shares during the period. Cleararc Capital Inc. boosted its position in 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 worth $111,000 after buying an additional 508 shares during the period. Fox Run Management L.L.C. purchased a new position in Chesapeake Energy Corporation during the second quarter worth about $115,000. Finally, Cutler Capital Management LLC purchased a new position in Chesapeake Energy Corporation during the first quarter worth about $142,000. Institutional investors own 64.73% of the company’s stock.

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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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