Chesapeake Energy (CHK) Bonds Trading 1.3% Higher
An issue of Chesapeake Energy Co. (NYSE:CHK) debt rose 1.3% against its face value during trading on Thursday. The high-yield issue of debt has a 8% coupon and will mature on June 15, 2027. The bonds in the issue are now trading at $97.00 and were trading at $95.00 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
A number of research firms have weighed in on CHK. Credit Suisse Group began coverage on Chesapeake Energy in a research report on Monday, December 11th. They issued an “underperform” rating and a $3.00 target price for the company. Scotiabank set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Wednesday, November 22nd. BMO Capital Markets set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies set a $4.00 target price on Chesapeake Energy and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Barclays upped their target price on Chesapeake Energy from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Chesapeake Energy has an average rating of “Hold” and an average target price of $5.25.
Shares of Chesapeake Energy Co. (NYSE:CHK) traded up $0.16 during trading hours on Thursday, hitting $4.04. The stock had a trading volume of 30,507,537 shares, compared to its average volume of 33,885,934. Chesapeake Energy Co. has a one year low of $3.41 and a one year high of $7.32. The firm has a market cap of $3,620.00, a P/E ratio of -6.97 and a beta of 2.16. The company has a debt-to-equity ratio of -4.17, a current ratio of 0.53 and a quick ratio of 0.53.
Chesapeake Energy (NYSE:CHK) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas exploration company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Chesapeake Energy had a negative return on equity of 19.93% and a net margin of 2.77%. The company had revenue of $979.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. research analysts expect that Chesapeake Energy Co. will post 0.76 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. Archford Capital Strategies LLC acquired a new stake in Chesapeake Energy during the 2nd quarter valued at $984,000. Advisory Services Network LLC raised its stake in Chesapeake Energy by 42.6% during the 2nd quarter. Advisory Services Network LLC now owns 23,413 shares of the oil and gas exploration company’s stock valued at $116,000 after purchasing an additional 7,000 shares during the period. UBS Oconnor LLC acquired a new stake in Chesapeake Energy during the 2nd quarter valued at $122,000. Gotham Asset Management LLC acquired a new stake in Chesapeake Energy during the 2nd quarter valued at $126,000. Finally, HRT Financial LLC acquired a new stake in Chesapeake Energy during the 2nd quarter valued at $131,000. 63.98% of the stock is currently owned by institutional investors.
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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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