An issue of Chesapeake Energy Corporation (NYSE:CHK) debt fell 1% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 8% coupon and is set to mature on January 15, 2025. The debt is now trading at $99.00 and was trading at $101.00 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

Several research analysts have recently issued reports on CHK shares. Scotiabank set a $5.00 target price on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 3rd. 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 note on Monday, July 24th. Piper Jaffray Companies set a $6.00 target price on shares of Chesapeake Energy Corporation and gave the company a “hold” rating in a research note on Thursday, August 24th. BidaskClub lowered shares of Chesapeake Energy Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, ValuEngine lowered shares of Chesapeake Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.05.

Shares of Chesapeake Energy Corporation (CHK) opened at 3.91 on Wednesday. The company has a 50 day moving average of $4.00 and a 200-day moving average of $4.83. The firm’s market capitalization is $3.49 billion. Chesapeake Energy Corporation has a 12 month low of $3.55 and a 12 month high of $8.20.

Chesapeake Energy Corporation (NYSE:CHK) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas exploration company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.14) EPS. Analysts predict that Chesapeake Energy Corporation will post $0.72 EPS for the current year.

In other Chesapeake Energy Corporation news, Director R Brad Martin purchased 25,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $4.11 per share, for a total transaction of $102,750.00. Following the acquisition, the director now owns 547,358 shares of the company’s stock, valued at $2,249,641.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.14% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of 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 worth $282,000 after buying an additional 164 shares in the last quarter. Exencial Wealth Advisors LLC boosted its holdings in shares of 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 worth $161,000 after buying an additional 226 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in shares of 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 worth $153,000 after buying an additional 281 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of 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 worth $309,000 after buying an additional 381 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Chesapeake Energy Corporation by 1.1% during the 2nd 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 64.56% 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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