An issue of Chesapeake Energy Co. (NYSE:CHK) debt fell 1.3% as a percentage of its face value during trading on Friday. The high-yield debt issue has a 8% coupon and is set to mature on January 15, 2025. The bonds in the issue are now trading at $96.00 and were trading at $98.00 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

CHK has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a research note on Thursday, October 4th. They issued an “equal weight” rating and a $5.00 price objective on the stock. SunTrust Banks lowered shares of Chesapeake Energy from a “buy” rating to a “hold” rating in a report on Monday, September 24th. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered shares of Chesapeake Energy from a “neutral” rating to an “underweight” rating and set a $2.72 target price on the stock. in a report on Friday, December 7th. Raymond James upgraded shares of Chesapeake Energy from a “market perform” rating to an “outperform” rating in a report on Thursday, November 1st. Finally, UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “positive” rating in a report on Wednesday, October 31st. Seven 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’s stock. Chesapeake Energy has a consensus rating of “Hold” and a consensus price target of $4.62.

Shares of CHK traded down $0.25 during midday trading on Friday, reaching $2.33. The stock had a trading volume of 47,991,715 shares, compared to its average volume of 31,234,218. Chesapeake Energy Co. has a one year low of $2.33 and a one year high of $5.60. The company has a market cap of $2.13 billion, a PE ratio of 2.84, a price-to-earnings-growth ratio of 0.28 and a beta of 1.92.

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

In other news, Director R Brad Martin acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 11th. The stock was bought at an average price of $2.65 per share, with a total value of $132,500.00. Following the transaction, the director now directly owns 727,900 shares in the company, valued at approximately $1,928,935. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. acquired a new position in Chesapeake Energy during the 2nd quarter worth approximately $128,000. Smart Money Group LLC bought a new stake in shares of Chesapeake Energy in the 3rd quarter valued at $129,000. Carnegie Capital Asset Management LLC boosted its stake in shares of Chesapeake Energy by 174.4% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 45,000 shares of the oil and gas exploration company’s stock valued at $161,000 after purchasing an additional 28,600 shares during the last quarter. Lourd Capital LLC bought a new stake in shares of Chesapeake Energy in the 3rd quarter valued at $162,000. Finally, Montag A & Associates Inc. bought a new stake in shares of Chesapeake Energy in the 3rd quarter valued at $163,000. 58.71% of the stock is owned by institutional investors and hedge funds.

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About Chesapeake Energy (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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