Shares are trading at $4.84 a tad under the 50 day moving average which is $5.13 and which is slightly below the 200 day moving average of $5.88. The 50 day moving average was down $-0.41 whereas the 200 day average was down by -19.76%. 20,340K shares changed hands by the end of trading on Wednesday. Overall, volume was down 39.95% under the stocks normal daily volume.
Here is the rundown on market activity for Chesapeake Energy Corporation (NYSE:CHK). R. Brad Martin, Director purchased $92,820 worth of shares at an average price of $4.55 on Fri the 23rd. That brings the Director’s holdings to $2,376,729 as reported to the SEC. Director Thomas L. Ryan bought 75,000 shares at an average price of $5.00 on Wed the 31st. Ryan now owns $2,201,775 of stock per an SEC filing yesterday.
R. Brad Martin, Director disclosed the purchase of 20,000 shares. The shares were purchased at an average price of $5.26. The Director now owns $2,640,299 of the stock per the Form 4 SEC filing.
The following firms have also recently changed their position in CHK. As of the end of the quarter Pennsylvania Trust Co had bought 9,565 shares growing its holdings by 4.0%. The value of the investment in Chesapeake Energy Corporation went from $1,083,000 to $1,244,000 a change of $161,000 quarter over quarter. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 336 shares trimming its position 0.6%. The value of the total investment in Chesapeake Energy Corporation decreased from $323,000 to $268,000 decreasing 17.0% quarter to quarter.
Bank Of Montreal /can/ grew its position by buying 126,300 shares an increase of 188.5% as of 06/30/2017. Bank Of Montreal /can/ currently owns 193,300 shares worth $961,000. The value of the position overall is up by 141.5%. Davenport & Co LLC divested its ownership by shedding 500 shares a decrease of 0.7%. Davenport & Co LLC now holds 70,575 shares valued at $495,000. The total value of its holdings decreased 0.6%.
On June 21, 2017 the stock rating was set at “Underperform” by Macquarie which was a cut from the previous “Neutral” rating. On May 11 the stock rating was downgraded from “Neutral” to “Underperform” in an announcement from Bank of America.
On November 15 the company was rated “Hold” according to a Argus report which is up from the previous “” rating. On November 10 the company was upgraded to “Hold” from “Underperform” in a report issued by Jefferies.
On October 25 the stock rating was upgraded to “Sector Perform” from “Underperform” by analysts at RBC Capital. On October 24 the company was changed to a “Equal-Weight” in a report from Stephens & Co. a boost from the previous “Equal-weight” rating.
The company is so far trading up from yesterday’s close of $4.71. In the last earnings report the EPS was $-33.88 and is estimated to be $0.84 for the current year with 890,875,000 shares now outstanding. Next quarter’s EPS is estimated at $0.18 and the next full year EPS is projected to be $1.04.
Chesapeake Energy Corporation (Chesapeake), launched on November 19, 1996, is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. As of December 31, 2016, it owned interests in approximately 22,700 oil and natural gas wells. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It has positions in resource plays of the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas and the Marcellus Shale in the northern Appalachian Basin in Pennsylvania. It also owns an oil and natural gas marketing business..