Chesapeake Utilities Corporation (CPK) CEO Sells $410080.00 in Stock

The firm now has a $4.80 target price on the oil and gas exploration company's stock.

CHK has been the topic of a number of analyst reports. ValuEngine downgraded the stock to "Sell" rating in Monday, May 29 report. Stifel Nicolaus started coverage on Chesapeake Energy Corporation in a research note on Thursday, March 23rd. Three analysts have rated the stock with a sell rating, twenty-two have given a hold rating and eight have given a buy rating to the stock. SunTrust Banks, Inc. reiterated a "buy" rating and issued a $9.00 price objective on shares of Chesapeake Energy Corporation in a research note on Monday, May 1st. Hilliard Lyons upgraded the shares of CPK in report on Friday, June 24 to "Long-Term Buy" rating. Chesapeake Energy Corporation presently has a consensus rating of "Hold" and a consensus target price of $6.80. Deutsche Bank has "Hold" rating and $48 target.

An issue of Chesapeake Energy Corporation (NYSE:CHK) debt rose 1.3% as a percentage of its face value during trading on Friday. The company had a trading volume of 22,050,110 shares. The company's 50-day moving average price is $5.13 and its 200 day moving average price is $5.88. Ativo Capital Mgmt Ltd Limited Liability Company has invested 0.17% in Chesapeake Utilities Corporation (NYSE:CPK).

Brookstone Capital Management reported 0.01% in Chesapeake Energy Corporation (NYSE:CHK). 25 analysts on average projected earnings of $0.18 per share for the current quarter. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.10 billion.

Chesapeake Energy Corporation (CHK) shows its Return on Assets (ROA) value of -30.6 percent, while the Return on Equity (ROE) value is 113.9 percent and Return on Investment (ROI) value stands at -56.9 percent. During the same quarter in the previous year, the business posted $1.33 earnings per share. On average, equities analysts forecast that Chesapeake Energy Corporation will post $0.83 EPS for the current fiscal year. If you are accessing this piece on another site, it was stolen and republished in violation of US & global trademark and copyright law. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/07/15/chesapeake-energy-corporation-chk-now-covered-by-analysts-at-wolfe-research-updated-updated-updated.html. NY boosted its stake in shares of Chesapeake Energy Corporation by 10.1% in the fourth quarter. The shares were sold at an average price of $74.56, for a total transaction of $410,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

In other Chesapeake Energy Corporation news, Director R Brad Martin purchased 20,000 shares of the company's stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $5.26 per share, for a total transaction of $105,200.00. Following the purchase, the director now owns 440,355 shares in the company, valued at approximately $2,201,775. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 115,400 shares of company stock valued at $573,020. Hedge funds and other institutional investors own 59.95% of the company's stock. BMO Capital Markets restated a "hold" rating and issued a $3.00 price objective on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. RI increased its stake in Chesapeake Energy Corporation by 11.6% in the first quarter. James Investment Research Inc. now owns 1,726,694 shares of the oil and gas exploration company's stock worth $8,582,000 after buying an additional 1,674,544 shares in the last quarter. Cleararc Capital Inc. increased its stake in Chesapeake Energy Corporation by 2.8% in the first quarter. Harris Associates L P now owns 65,475,640 shares of the oil and gas exploration company's stock worth $388,926,000 after buying an additional 32,145,200 shares in the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Chesapeake Energy Corporation by 0.3% in the fourth quarter. Federated Investors Inc. PA now owns 88,887 shares of the oil and gas exploration company's stock valued at $624,000 after buying an additional 265 shares in the last quarter.

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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