Today, a Director at Chesapeake Energy (CHK), Brad R. Martin, bought shares of CHK for $291.5K.
Following this transaction Brad R. Martin’s holding in the company was increased by 733.33% to a total of $2.06 million. This is Martin’s first transaction since reporting a Sell transaction on FHN back in October 2017
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Based on Chesapeake Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $2.55 billion and quarterly net profit of $83 million. In comparison, last year the company earned revenue of $2.01 billion and had a GAAP net loss of $18 million. CHK’s market cap is $2.34B and the company has a P/E ratio of 4.19. Currently, Chesapeake Energy has an average volume of 101K.
Based on 11 analyst ratings, the analyst consensus is Hold with an average price target of $4.11, reflecting a 59.9% upside.
The insider sentiment on Chesapeake Energy has been positive according to 51 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Chesapeake Energy Corp. engages in acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming.
