An issue of Chesapeake Energy Corp. (NYSE:CHK) bonds rose 1.3% as a percentage of their face value during trading on Wednesday. The high-yield issue of debt has a 5.75% coupon and is set to mature on March 15, 2023. The bonds in the issue are now trading at $87.75 and were trading at $85.00 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its share price.

CHK has been the topic of several recent analyst reports. Vetr raised shares of Chesapeake Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $7.06 target price on the stock in a research note on Monday, September 5th. Nomura reissued a “sell” rating and set a $17.00 target price on shares of Chesapeake Energy Corp. in a research note on Monday, September 26th. SunTrust Banks Inc. set a $11.00 target price on shares of Chesapeake Energy Corp. and gave the company a “buy” rating in a research note on Monday, September 12th. Simmons raised shares of Chesapeake Energy Corp. from an “underweight” rating to a “neutral” rating and set a $4.50 target price on the stock in a research note on Tuesday, July 12th. Finally, Zacks Investment Research raised shares of Chesapeake Energy Corp. from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, July 5th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $7.57.

Shares of Chesapeake Energy Corp. (NYSE:CHK) opened at 6.29 on Thursday. Chesapeake Energy Corp. has a 12-month low of $1.50 and a 12-month high of $8.49. The firm’s market cap is $4.82 billion. The stock’s 50 day moving average is $6.70 and its 200 day moving average is $5.31.

Chesapeake Energy Corp. (NYSE:CHK) last posted 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 Zacks’ consensus estimate of ($0.11) by $0.03. The business earned $1.62 billion during the quarter, compared to the consensus estimate of $1.91 billion. Chesapeake Energy Corp. had a negative net margin of 104.29% and a negative return on equity of 16.16%. The business’s revenue for the quarter was down 53.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. Equities analysts expect that Chesapeake Energy Corp. will post ($0.21) earnings per share for the current year.

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

Several institutional investors have recently modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Chesapeake Energy Corp. during the second quarter valued at approximately $101,000. Virginia Retirement Systems ET AL purchased a new position in shares of Chesapeake Energy Corp. during the second quarter valued at approximately $110,000. Carnegie Capital Asset Management LLC boosted its position in shares of Chesapeake Energy Corp. by 1.7% in the second quarter. Carnegie Capital Asset Management LLC now owns 24,100 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 400 shares during the last quarter. Norinchukin Bank The boosted its position in shares of Chesapeake Energy Corp. by 15.5% in the second quarter. Norinchukin Bank The now owns 30,675 shares of the oil and gas exploration company’s stock valued at $131,000 after buying an additional 4,121 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its position in shares of Chesapeake Energy Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 33,417 shares of the oil and gas exploration company’s stock valued at $134,000 after buying an additional 249 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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