Chesapeake Energy (NYSE:CHK) shares saw an uptick in trading volume on Thursday following insider buying activity, MarketBeat.com reports.
Advertisement
A number of other research analysts also recently weighed in on the stock.
Thomas L Ryan, director of Chesapeake Energy Corp purchased 10,000 shares on Nov 19, 2015.
Let’s have a warm look at: Chesapeake Energy Corporation (NYSE:CHK), Plains All American Pipeline, L.P. (NYSE:PAA), Bellatrix Exploration Ltd (NYSE:BXE), Key Energy Services, Inc.
There are now thirty-five analysts that cover Chesapeake Energy Corp stock.
Company shares have received an average consensus rating of Hold for the current week Many analysts have commented on the company rating. One of Chesapeake Energy Corporation (NYSE:CHK) bonds dropped 9 cents on the dollar, while the price of credit-default swaps – used by investors to protect against defaults – rose to the highest ever. The shares closed down 0.12 points or 2.01% at $5.86 with 2,428,170 shares getting traded.
Intel Corporation (INTC) of the Technology sector is up 0.51% so far today trading at $32.26 at a volume of 1701374 shares. Stock is trading in the real-time trading session with the total volume of 6.23 million shares, as compared to its average volume of 19.44 million shares. Finally, Barclays increased their price target on shares of Chesapeake Energy from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Wednesday, October 21st.
The stock price of Chesapeake Energy Corporation decreased 68.92% over the last 200 days, and is in strong down trend. The company, which took on most of its debt under former Chief Executive Officer Aubrey McClendon, recorded a $5.4 billion writedown in value of those fields when it reported earnings earlier this month.
Chesapeake said November 1 it made an amendment to its credit agreement that allows for as much as $2 billion of new second- lien debt, according to Spencer Cutter, a Bloomberg Intelligence analyst. Chesapeake Energy presently has a consensus rating of “Hold” and a consensus price target of $11.26. This corresponds to a decrease of $0.57 compared to the same quarter of the previous fiscal year. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The business’s quarterly revenue was down 49.3% on a year-over-year basis.
Advertisement
Chesapeake Energy Corporation is a manufacturer of natural gas, oil and natural gas liquids (NYSE:CHK) in the USA. The Organization operates in two segments: Exploration and Production, and Advertising, Gathering and Compaction. Chesapeake is engaged in the exploration, development and acquisition of properties for the production of natural gas and oil from underground reservoirs. The Business owns interests in around 45,100 petroleum and natural gas wells that generated an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company additionally own oil and natural gas marketing and natural gas gathering and compression businesses. The downturn in oil markets has been especially painful for the driller because it happened just as the company was attempting to focus on petroleum, which traditionally has delivered higher profits than gas.
