Short Interest Update of Chesapeake Energy Corporation (NYSE:CHK)

Shares of Chesapeake Utilities Corporation (NYSE:CPK) rose by 1.83% in the past week and 0.11% for the last 4 weeks.

Chesapeake Energy Corporation (NYSE:CHK) declined -0.48%, trading on 18.58M shares, to end the trade at $10.89.

According to latest data released on July 11, short interest increased from 162.14 million shares on June 15, to 184.99 million shares on June 30.

The brokerage firm analysts covering Chesapeake Energy Corporation (NYSE:CHK) have given a rating of 3. The shares opened for trading at $54.78 and hit $55.69 on the upside, eventually ending the session at $55.13, with a gain of 1.16% or 0.63 points.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the Director of Chesapeake Energy Corp, Dunham Archie W had purchased shares worth of $13,980,000 in a transaction dated on March 27, 2015. The 52-week high of Chesapeake Energy Corporation (NYSE:CHK) is $29.09 and the 52-week low is $9.94.

The number of shares shorted accounts for 31.76% of the company’s total outstanding shares; this indicates that investors have taken a short position on every third share. The market opinion for these stocks seemed strong in coming time therefore investors were involved in adding these into their investment portfolio with positive money flow calculated by averaging the high, low, and closing prices, and multiplying by the daily volume. Option exercises are not covered. The rating is determined on a consensus basis from analysts tracked by Zacks Research. The shares has been rated as hold from 7 Wall Street Analysts.

Separately, TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Sell with a ratings score of D. 2 analysts have suggested buy for the company. Chesapeake is engaged in the exploration, development and acquisition of properties for the production of natural gas and oil from underground reservoirs. The exploration and production segment is responsible for finding and producing natural gas, oil and natural gas liquids (NGL). “The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share”. It also provides substantial marketing, midstream, drilling and other oilfield services. In August 2013, SemGroup Corporation completed acquisition of the gas gathering and processing assets owned by Chesapeake Energy Corporation.