An issue of Chesapeake Energy Corporation (NYSE:CHK) debt rose 2.9% as a percentage of its face value during trading on Thursday. The debt issue has a 8% coupon and is set to mature on June 15, 2027. The bonds in the issue are now trading at $95.98 and were trading at $96.09 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

CHK has been the topic of a number of recent analyst reports. Piper Jaffray Companies set a $4.00 target price on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research report on Thursday, October 19th. Jefferies Group LLC downgraded shares of Chesapeake Energy Corporation from a “hold” rating to an “underperform” rating and dropped their target price for the company from $4.00 to $2.00 in a research report on Monday, October 9th. Citigroup Inc. dropped their target price on shares of Chesapeake Energy Corporation from $8.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Tudor Pickering downgraded shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and increased their target price for the company from $3.76 to $4.00 in a research report on Tuesday, September 5th. Finally, Vetr raised shares of Chesapeake Energy Corporation from a “buy” rating to a “strong-buy” rating and set a $5.23 target price on the stock in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Chesapeake Energy Corporation has a consensus rating of “Hold” and an average target price of $5.81.

Shares of Chesapeake Energy Corporation (CHK) traded up $0.17 during midday trading on Friday, hitting $4.02. 21,734,935 shares of the company traded hands, compared to its average volume of 35,036,906. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53. Chesapeake Energy Corporation has a 12-month low of $3.41 and a 12-month high of $8.20. The firm has a market capitalization of $3,500.00, a PE ratio of 6.57 and a beta of 2.18.

Chesapeake Energy Corporation (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. Chesapeake Energy Corporation had a net margin of 2.77% and a negative return on equity of 19.93%. The firm had revenue of $979.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. research analysts forecast that Chesapeake Energy Corporation will post 0.74 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Chesapeake Energy Corporation by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,669 shares of the oil and gas exploration company’s stock valued at $282,000 after acquiring an additional 164 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in Chesapeake Energy Corporation by 0.7% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 32,430 shares of the oil and gas exploration company’s stock valued at $161,000 after acquiring an additional 226 shares in the last quarter. Cigna Investments Inc. New increased its holdings in Chesapeake Energy Corporation by 0.9% during the 2nd quarter. Cigna Investments Inc. New now owns 30,765 shares of the oil and gas exploration company’s stock valued at $153,000 after acquiring an additional 281 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Chesapeake Energy Corporation by 0.6% during the 2nd quarter. CIBC Asset Management Inc now owns 62,174 shares of the oil and gas exploration company’s stock valued at $309,000 after acquiring an additional 381 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Chesapeake Energy Corporation by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 47,300 shares of the oil and gas exploration company’s stock worth $235,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.71% of the company’s stock.

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About Chesapeake Energy Corporation

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL.

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