An issue of Chesapeake Energy Co. (NYSE:CHK) debt fell 1.3% against its face value during trading on Monday. The high-yield debt issue has a 8% coupon and will mature on January 15, 2025. The debt is now trading at $96.00 and was trading at $98.00 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

A number of research firms have issued reports on CHK. Morgan Stanley began coverage on Chesapeake Energy in a research report on Thursday, October 4th. They issued an “equal weight” rating and a $5.00 target price on the stock. SunTrust Banks cut Chesapeake Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. They noted that the move was a valuation call. ValuEngine cut Chesapeake Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, September 21st. Zacks Investment Research raised Chesapeake Energy from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Thursday, October 25th. Finally, Citigroup raised Chesapeake Energy from a “sell” rating to a “neutral” rating and lifted their price target for the company from $3.50 to $4.50 in a research note on Monday, November 12th. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.62.

Shares of CHK stock traded down $0.14 during mid-day trading on Tuesday, reaching $2.11. 4,228,609 shares of the stock traded hands, compared to its average volume of 31,978,492. Chesapeake Energy Co. has a 1-year low of $2.23 and a 1-year high of $5.60. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 2.58, a PEG ratio of 0.28 and a beta of 1.93.

Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Chesapeake Energy had a negative return on equity of 54.07% and a net margin of 6.91%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. As a group, analysts forecast that Chesapeake Energy Co. will post 0.85 EPS for the current year.

In related news, Director R Brad Martin acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 14th. The shares were bought at an average cost of $2.35 per share, with a total value of $58,750.00. Following the completion of the purchase, the director now directly owns 752,900 shares in the company, valued at $1,769,315. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James R. Webb acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was bought at an average cost of $3.54 per share, for a total transaction of $177,000.00. Following the completion of the purchase, the executive vice president now owns 871,548 shares of the company’s stock, valued at $3,085,279.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 125,000 shares of company stock worth $368,250. 1.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in shares of Chesapeake Energy in the second quarter worth approximately $128,000. Smart Money Group LLC acquired a new position in shares of Chesapeake Energy in the third quarter worth approximately $129,000. Lourd Capital LLC acquired a new position in shares of Chesapeake Energy in the third quarter worth approximately $162,000. Montag A & Associates Inc. acquired a new position in shares of Chesapeake Energy in the third quarter worth approximately $163,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Chesapeake Energy by 93.5% in the second quarter. Tower Research Capital LLC TRC now owns 37,832 shares of the oil and gas exploration company’s stock worth $199,000 after acquiring an additional 18,277 shares during the period. 58.68% of the stock is currently owned by institutional investors.

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Chesapeake Energy Company Profile (NYSE:CHK)

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

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