Stocks of Chesapeake Energy Corporation (NASDAQ:CHK) traded higher last session on Wall Street, up 0.13% to $84.45.
CHK stock price is now 3.84% away from the 50-day moving average and -0.70% away from the 200-day moving average. The market capitalization of the company currently stands at $10.99B.
With the price target of $91, Stephens recently initiated with Equal-Weight rating for Chesapeake Energy Corporation (NASDAQ: CHK).
Insiders disposed of 14,387 shares of company stock worth roughly $1.21 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHK stock. A new stake in Chesapeake Energy Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $136,021,000. JANUS HENDERSON GROUP PLC invested $39,314,000 in shares of CHK during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Chesapeake Energy Corporation valued at approximately $26,100,000. CAUSEWAY CAPITAL MANAGEMENT LLC acquired a new stake in CHK for approximately $24,577,000. HAP TRADING, LLC purchased a new stake in CHK valued at around $24,102,000 in the second quarter. In total, there are 631 active investors with 98.30% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $83.36 for Chesapeake Energy Corporation (NASDAQ: CHK). During the past 12 months, Chesapeake Energy Corporation has had a low of $69.13 and a high of $103.40. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.40, and a quick ratio of 1.40. The fifty day moving average price for CHK is $81.37 and a two-hundred day moving average price translates $86.18 for the stock.
The latest earnings results from Chesapeake Energy Corporation (NASDAQ: CHK) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.87, beating analysts’ expectations of $1.72 by 0.15. This compares to -$6.32 EPS in the same period last year. The net profit margin was 50.80% and return on equity was 89.00% for CHK. The company reported revenue of $3.37 billion for the quarter, compared to $935.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 260.43 percent. For the current quarter, analysts expect CHK to generate $1.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/18/2023 were paid a $1.18 dividend. On an annualized basis, this represents a $10.29 dividend and a 12.18% percent yield. There was an ex-dividend date of 05/17/2023 for this dividend. In terms of dividend payout ratio, CHK is presently at 18.60%.
Chesapeake Energy Corporation(CHK) Company Profile
Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
