News articles about Chesapeake Energy (NYSE:CHK) have trended positive on Saturday, Alpha One Sentiment reports. Alpha One, a service of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chesapeake Energy earned a daily sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave media coverage about the oil and gas exploration company an impact score of 89 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
A number of equities research analysts recently weighed in on CHK shares. Barclays PLC boosted their price target on shares of Chesapeake Energy from $4.00 to $5.00 and gave the stock an “underweight” rating in a research note on Thursday, January 26th. Stifel Nicolaus started coverage on shares of Chesapeake Energy in a research note on Thursday, March 23rd. They set a “buy” rating and a $10.00 price target for the company. Jefferies Group LLC raised shares of Chesapeake Energy from an “underperform” rating to a “hold” rating in a research note on Tuesday, January 31st. SunTrust Banks, Inc. reissued a “buy” rating on shares of Chesapeake Energy in a research note on Saturday, January 21st. Finally, Wunderlich reissued a “buy” rating and set a $10.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $7.42.
Shares of Chesapeake Energy (NYSE:CHK) traded up 6.43% on Friday, reaching $5.46. 61,975,660 shares of the company traded hands. The company’s market capitalization is $4.84 billion. The firm has a 50-day moving average price of $5.59 and a 200 day moving average price of $6.19. Chesapeake Energy has a one year low of $3.56 and a one year high of $8.20. Chesapeake Energy also was the recipient of some unusual options trading on Wednesday. Investors acquired 7,028 call options on the stock. This represents an increase of 133% compared to the average volume of 3,012 call options.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Equities analysts forecast that Chesapeake Energy will post $0.76 EPS for the current fiscal year.
In related news, Director Archie W. Dunham purchased 500,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The shares were purchased at an average cost of $5.24 per share, for a total transaction of $2,620,000.00. Following the completion of the transaction, the director now directly owns 4,637,717 shares in the company, valued at approximately $24,301,637.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
Chesapeake Energy 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.