An issue of Chesapeake Energy Co. (NYSE:CHK) bonds rose 2.5% against their face value during trading on Thursday. The high-yield debt issue has a 8% coupon and will mature on January 15, 2025. The bonds in the issue are now trading at $98.47 and were trading at $94.72 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
A number of research analysts recently issued reports on the company. Sanford C. Bernstein reiterated a “hold” rating on shares of Chesapeake Energy in a research note on Friday. ValuEngine downgraded Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Credit Suisse Group assumed coverage on Chesapeake Energy in a research note on Monday, December 11th. They set an “underperform” rating and a $3.00 price objective for the company. SunTrust Banks reiterated a “buy” rating and set a $6.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 3rd. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $5.00 price objective on shares of Chesapeake Energy in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.29.
Chesapeake Energy Co. (NYSE:CHK) remained flat at $$3.20 during midday trading on Friday. The company had a trading volume of 78,408,262 shares, compared to its average volume of 40,690,000. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.53 and a current ratio of 0.65. Chesapeake Energy Co. has a fifty-two week low of $2.53 and a fifty-two week high of $6.59. The company has a market capitalization of $2,910.00, a PE ratio of 1.42 and a beta of 1.83.
Chesapeake Energy (NYSE:CHK) last posted its quarterly earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.05. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the previous year, the firm earned $0.07 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. equities analysts predict that Chesapeake Energy Co. will post 0.83 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHK. Financial Partners Group Inc purchased a new position in Chesapeake Energy in the 4th quarter worth approximately $114,000. Advisory Services Network LLC lifted its holdings in Chesapeake Energy by 42.6% in the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock worth $116,000 after purchasing an additional 7,000 shares in the last quarter. Sapphire Star Partners LP purchased a new position in Chesapeake Energy in the 3rd quarter worth approximately $143,000. Brave Asset Management Inc. lifted its holdings in Chesapeake Energy by 154.2% in the 3rd quarter. Brave Asset Management Inc. now owns 38,130 shares of the oil and gas exploration company’s stock worth $164,000 after purchasing an additional 23,130 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in Chesapeake Energy in the 3rd quarter worth approximately $170,000. 64.62% of the stock is currently owned by institutional investors.
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About Chesapeake Energy
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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