An issue of Chesapeake Energy Co. (NYSE:CHK) debt rose 1.3% as a percentage of its face value during trading on Thursday. The high-yield issue of debt has a 8% coupon and is set to mature on January 15, 2025. The debt is now trading at $97.50 and was trading at $97.45 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.
A number of research analysts have weighed in on the company. Mizuho downgraded Chesapeake Energy from a “neutral” rating to an “underperform” rating and raised their price target for the company from $4.28 to $8.00 in a research note on Tuesday, January 16th. Credit Suisse Group assumed coverage on Chesapeake Energy in a research note on Monday, December 11th. They issued an “underperform” rating and a $3.00 price target for the company. ValuEngine downgraded Chesapeake Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Sanford C. Bernstein restated a “hold” rating on shares of Chesapeake Energy in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded Chesapeake Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Chesapeake Energy has a consensus rating of “Hold” and an average price target of $4.90.
Shares of CHK stock opened at $3.07 on Friday. The firm has a market capitalization of $2,827.74, a P/E ratio of 3.70 and a beta of 1.90. The company has a debt-to-equity ratio of -4.86, a quick ratio of 0.65 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.
Chesapeake Energy (NYSE:CHK) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chesapeake Energy had a negative return on equity of 32.26% and a net margin of 9.73%. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. analysts predict that Chesapeake Energy Co. will post 0.74 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the stock. Advantage Investment Management LLC lifted its holdings in Chesapeake Energy by 15.3% during the 3rd quarter. Advantage Investment Management LLC now owns 109,613 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 14,555 shares during the last quarter. Norinchukin Bank The lifted its holdings in Chesapeake Energy by 27.7% during the 3rd quarter. Norinchukin Bank The now owns 67,587 shares of the oil and gas exploration company’s stock worth $291,000 after purchasing an additional 14,653 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Chesapeake Energy by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 147,330 shares of the oil and gas exploration company’s stock worth $634,000 after purchasing an additional 15,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Chesapeake Energy by 41.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,909 shares of the oil and gas exploration company’s stock worth $213,000 after purchasing an additional 15,804 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Chesapeake Energy by 43.2% during the 3rd quarter. Private Advisor Group LLC now owns 54,790 shares of the oil and gas exploration company’s stock worth $230,000 after purchasing an additional 16,527 shares during the last quarter. 61.89% of the stock is owned by institutional investors and hedge funds.
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Chesapeake Energy 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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