An issue of Chesapeake Energy Corporation (NYSE:CHK) bonds rose 1.3% against their face value during trading on Wednesday. The high-yield issue of debt has a 8% coupon and is set to mature on June 15, 2027. The debt is now trading at $97.25. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its stock price.

A number of brokerages have recently commented on CHK. ValuEngine lowered Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 29th. Royal Bank Of Canada set a $7.00 price objective on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Monday, May 29th. J P Morgan Chase & Co lowered their price objective on Chesapeake Energy Corporation from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 31st. Vetr lowered Chesapeake Energy Corporation from a “buy” rating to a “hold” rating and set a $5.23 price objective on the stock. in a report on Monday, July 31st. Finally, Jefferies Group LLC set a $6.00 price objective on Chesapeake Energy Corporation and gave the company a “hold” rating in a report on Tuesday, June 6th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.42.

Chesapeake Energy Corporation (CHK) opened at 4.11 on Friday. The company’s 50 day moving average price is $4.08 and its 200 day moving average price is $4.97. Chesapeake Energy Corporation has a 52-week low of $3.55 and a 52-week high of $8.20. The company’s market cap is $3.66 billion.

Chesapeake Energy Corporation (NYSE:CHK) last posted its earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities research analysts anticipate that Chesapeake Energy Corporation will post $0.76 EPS for the current fiscal year.

In other news, Director R Brad Martin bought 20,400 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were bought at an average price of $4.55 per share, with a total value of $92,820.00. Following the completion of the transaction, the director now owns 522,358 shares of the company’s stock, valued at $2,376,728.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Chesapeake Energy Corporation by 19.3% during the second quarter. Vanguard Group Inc. now owns 108,761,169 shares of the oil and gas exploration company’s stock worth $540,542,000 after buying an additional 17,615,861 shares in the last quarter. State Street Corp grew its position in Chesapeake Energy Corporation by 9.1% during the second quarter. State Street Corp now owns 47,768,507 shares of the oil and gas exploration company’s stock worth $237,402,000 after buying an additional 3,982,812 shares in the last quarter. Mackenzie Financial Corp grew its position in Chesapeake Energy Corporation by 1.9% during the first quarter. Mackenzie Financial Corp now owns 9,067,381 shares of the oil and gas exploration company’s stock worth $53,860,000 after buying an additional 171,476 shares in the last quarter. Northern Trust Corp grew its position in Chesapeake Energy Corporation by 5.6% during the second quarter. Northern Trust Corp now owns 8,219,258 shares of the oil and gas exploration company’s stock worth $40,850,000 after buying an additional 433,272 shares in the last quarter. Finally, Schneider Capital Management Corp grew its position in Chesapeake Energy Corporation by 34.1% during the first quarter. Schneider Capital Management Corp now owns 7,534,855 shares of the oil and gas exploration company’s stock worth $44,757,000 after buying an additional 1,918,000 shares in the last quarter. 64.51% of the stock is currently owned by institutional investors and hedge funds.

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Chesapeake Energy Corporation Company Profile

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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