An issue of Chesapeake Energy Corporation (NYSE:CHK) bonds fell 0.8% against their face value during trading on Monday. The high-yield debt issue has a 8% coupon and will mature on June 15, 2027. The bonds in the issue are now trading at $94.94 and were trading at $96.50 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

CHK has been the topic of a number of recent analyst reports. BidaskClub raised Chesapeake Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Scotiabank reissued a “hold” rating and issued a $5.00 price target on shares of Chesapeake Energy Corporation in a research note on Friday, June 30th. Vetr lowered Chesapeake Energy Corporation from a “strong-buy” rating to a “buy” rating and set a $5.23 price target on the stock. in a research note on Tuesday, July 11th. BMO Capital Markets reissued a “hold” rating and issued a $3.00 price target on shares of Chesapeake Energy Corporation in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC set a $6.00 price target on Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Tuesday, June 6th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Chesapeake Energy Corporation presently has an average rating of “Hold” and a consensus price target of $6.53.

Chesapeake Energy Corporation (NYSE CHK) opened at 3.64 on Wednesday. The firm has a 50-day moving average price of $4.46 and a 200-day moving average price of $5.19. 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 $3.24 billion. Chesapeake Energy Corporation also was the recipient of some unusual options trading on Monday. Stock investors bought 75,259 put options on the stock. This represents an increase of approximately 483% compared to the average daily volume of 12,904 put options.

Chesapeake Energy Corporation (NYSE:CHK) last issued its quarterly earnings data 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. The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $1.07 billion. Chesapeake Energy Corporation had a negative return on equity of 16.10% and a negative net margin of 9.52%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) EPS. Equities research analysts anticipate that Chesapeake Energy Corporation will post $0.75 EPS for the current fiscal year.

In other news, Director R Brad Martin bought 25,000 shares of Chesapeake Energy Corporation stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $4.11 per share, for a total transaction of $102,750.00. Following the purchase, the director now directly owns 547,358 shares of the company’s stock, valued at approximately $2,249,641.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.14% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Toronto Dominion Bank raised its position in shares of Chesapeake Energy Corporation by 26.3% in the second quarter. Toronto Dominion Bank now owns 249,025 shares of the oil and gas exploration company’s stock worth $1,238,000 after buying an additional 51,801 shares during the period. Archford Capital Strategies LLC purchased a new position in shares of Chesapeake Energy Corporation during the second quarter worth about $984,000. Advisory Services Network LLC raised its position in shares of Chesapeake Energy Corporation by 42.6% in the second quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after buying an additional 7,000 shares during the period. North Star Asset Management Inc. raised its position in shares of Chesapeake Energy Corporation by 16.4% in the second quarter. North Star Asset Management Inc. now owns 860,965 shares of the oil and gas exploration company’s stock worth $4,279,000 after buying an additional 121,545 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Chesapeake Energy Corporation by 45.9% in the second quarter. Public Employees Retirement System of Ohio now owns 403,219 shares of the oil and gas exploration company’s stock worth $2,004,000 after buying an additional 126,910 shares during the period. Institutional investors own 64.51% of the company’s stock.

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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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