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Saturday, June 3, 2023

What Are The Chances Of Chesapeake Energy Corporation (NASDAQ: CHK) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Chesapeake Energy Corporation (CHK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.30, or 0.39%, to $78.00. The Chesapeake Energy Corporation has recorded 31,450 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CHESAPEAKE ENERGY CORPORATION REPORTS 2023 FIRST QUARTER RESULTS.

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Stocks Info

As a NASDAQ listed company, CHK falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Chesapeake Energy Corporation is $10.20B. A total of 1.1 million shares were traded on the day, compared to an average of 1.53M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CHK has seen 5 BUY and 9 SELL insider trades, representing the acquisition of 35,985 and the disposition of 7,357 shares. Over the last 12 months, there were 16 BUYs and 21 SELLs from insiders. Insiders purchased 59,754 shares during that period but sold 312,202.

In the most recent transaction, Wichterich Michael bought 2,000 shares of CHK for 85.65 per share on Jun 27. After the transaction, the Executive Chairman now owns 25,318 company shares. In a previous transaction on Jun 24, DELL’OSSO DOMENIC J JR bought 3,000 shares at 82.04 per share. CHK shares that President and CEO owns now total 35,891.

Among the insiders who bought shares, Wichterich Michael acquired of 3,000 shares on Jun 24 at a per-share price of $81.50. This resulted in the Executive Chairman holding 23,318 shares of CHK after the transaction. In another insider transaction, Viets Joshua J. bought 1,700 shares at $75.19 per share on Jun 23. Company shares held by the EVP & COO now total 27,504.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Chesapeake Energy Corporation pays an annual dividend of $9.11, resulting in a dividend yield of 11.72%, and it has a price to earnings (P/E) ratio of 1.63. CHK’s most recent ex-dividend date was 5/17/2023 when it declared a $1.18 quarterly dividend that was paid in cash on 6/6/2023. Previously, the company paid the dividend on 3/23/2023 with an ex-dividend date of 3/6/2023. The CHK stock dividend was $1.29 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CHK in the last 3 months, the mean price target is $106.41 with high estimates of $150.00 and low estimates of $82.00. In terms of 52-week highs and lows, CHK has a high of $104.23 and a low of $68.74.

As of this writing, CHK has an earnings estimate of $0.7 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.23 per share and a lower estimate of $0.06. The company reported an EPS of $4.22 in the last quarter, which was 41.10% higher than expectations of $2.99.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. CHK’s latest balance sheet shows that the firm has $905.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.28B in debt and $2.45B in liabilities at the time. Its Book Value Per Share was $76.32, while its Total Shareholder’s Equity was $5.67B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CHK is Buy with a score of 4.27.

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