An issue of Chesapeake Energy Corp. (NYSE:CHK) debt rose 1.3% as a percentage of its face value during trading on Tuesday. The debt issue has a 5.75% coupon and will mature on March 15, 2023. The debt is now trading at $87.75 and was trading at $85.00 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.

Several research analysts recently commented on CHK shares. Vetr upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “strong-buy” rating and set a $11.30 price target on the stock in a report on Monday, September 12th. Johnson Rice upgraded shares of Chesapeake Energy Corp. from a “hold” rating to an “accumulate” rating in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Wednesday, July 27th. Capital One Financial Corp. upgraded shares of Chesapeake Energy Corp. from an “underweight” rating to an “equal weight” rating in a report on Tuesday, August 16th. Finally, Deutsche Bank AG lifted their price objective on shares of Chesapeake Energy Corp. from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Thursday, August 18th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $7.57.

Shares of Chesapeake Energy Corp. (NYSE:CHK) opened at 6.28 on Wednesday. The firm has a 50-day moving average of $6.70 and a 200 day moving average of $5.31. Chesapeake Energy Corp. has a 12 month low of $1.50 and a 12 month high of $8.49. The company’s market capitalization is $4.81 billion.

Chesapeake Energy Corp. (NYSE:CHK) last released its quarterly earnings data on Thursday, August 4th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.03. Chesapeake Energy Corp. had a negative return on equity of 16.16% and a negative net margin of 104.29%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The business’s revenue was down 53.9% compared to the same quarter last year. On average, equities research analysts expect that Chesapeake Energy Corp. will post ($0.21) earnings per share for the current fiscal year.

In other Chesapeake Energy Corp. news, Director Archie W. Dunham bought 350,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were bought at an average price of $6.07 per share, for a total transaction of $2,124,500.00. Following the completion of the acquisition, the director now owns 3,127,951 shares of the company’s stock, valued at $18,986,662.57. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas L. Ryan bought 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average price of $5.59 per share, for a total transaction of $279,500.00. Following the acquisition, the director now directly owns 246,269 shares of the company’s stock, valued at approximately $1,376,643.71. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in CHK. Prudential Financial Inc. boosted its stake in shares of Chesapeake Energy Corp. by 6.6% in the first quarter. Prudential Financial Inc. now owns 683,801 shares of the oil and gas exploration company’s stock valued at $2,817,000 after buying an additional 42,503 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Chesapeake Energy Corp. by 37.5% in the first quarter. TIAA CREF Investment Management LLC now owns 1,617,988 shares of the oil and gas exploration company’s stock valued at $6,666,000 after buying an additional 441,582 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Chesapeake Energy Corp. by 17.6% in the second quarter. California Public Employees Retirement System now owns 4,892,674 shares of the oil and gas exploration company’s stock valued at $20,941,000 after buying an additional 730,500 shares during the last quarter. HBK Investments L P boosted its stake in shares of Chesapeake Energy Corp. by 119.5% in the first quarter. HBK Investments L P now owns 458,836 shares of the oil and gas exploration company’s stock valued at $1,890,000 after buying an additional 2,807,042 shares during the last quarter. Finally, A.R.T. Advisors LLC boosted its stake in shares of Chesapeake Energy Corp. by 17.2% in the first quarter. A.R.T. Advisors LLC now owns 673,269 shares of the oil and gas exploration company’s stock valued at $2,773,000 after buying an additional 98,997 shares during the last quarter. Institutional investors own 63.89% of the company’s stock.

About Chesapeake Energy Corp.

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL.

5 Day Chart for NYSE:CHK

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