Chesapeake Energy Director Thomas L. Ryan Purchases 7,000 Shares (CHK)

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Chesapeake Energy (NYSE:CHK) Director Thomas L. Ryan purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $29.38 per share, with a total value of $205,660.00. Following the purchase, the director now directly owns 70,414 shares in the company, valued at approximately $2,068,763. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

CHK has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Chesapeake Energy in a research note on Wednesday, June 11th. They now have a $31.00 price target on the stock, up previously from $30.00. Separately, analysts at Oppenheimer raised their price target on shares of Chesapeake Energy from $30.00 to $35.00 in a research note on Wednesday, May 21st. They now have an “outperform” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Chesapeake Energy from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Sixteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.22.

Chesapeake Energy (NYSE:CHK) opened at 30.47 on Monday. Chesapeake Energy has a one year low of $19.32 and a one year high of $30.80. The stock’s 50-day moving average is $29.00 and its 200-day moving average is $26.95. The company has a market cap of $19.771 billion and a price-to-earnings ratio of 23.97.

Chesapeake Energy (NYSE:CHK) last announced its earnings results on Wednesday, May 7th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.11. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company posted $0.30 earnings per share. Chesapeake Energy’s revenue was up 47.4% compared to the same quarter last year. On average, analysts predict that Chesapeake Energy will post $2.07 earnings per share for the current fiscal year.

Chesapeake Energy Corporation (NYSE:CHK) is a natural gas and oil exploration and production company.

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