Chesapeake Energy Corporation (NYSE:CHK) Rating Lowered to Neutral at Sterne

Additionally, the firm could issue $2 billion of second-lien debt by April 2016, and the negative perception surrounding second-lien loans could outweigh any rally in the firm’s shares, Barron’s reported. Finally, KLR Group cut their price target on shares of Chesapeake Energy from $17.00 to $13.00 in a report on Thursday, October 15th. The company now has a market cap of $3.90B after showing a change of -7.41 percent during the last trading session.

Out of 12 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 3 rate it “Buy”, 2 “Sell”, while 7 “Hold”. Based on a recent trade, this puts the equity at -20.26% away from that average. The 12-month consensus target price for the stock is $8.57, which reflects an upside potential of 46.00% over the current price. They also gave their stock a five star rating. In comparing the stock’s current level to its extended history, the stock is trading -75.19% away from its 52-week high of 24.43 and +2.36% away from the stock’s low point over the past 52 weeks, which was 5.92. Vetr upgraded the shares of CHK in a report on September 21 to “Buy” rating.

Shares of Chesapeake Energy (NYSE:CHK) saw unusually-strong trading volume on Thursday following insider buying activity, AnalystRatings.Net reports. Chesapeake Energy presently has a consensus rating of “Hold” and a consensus price target of $11.26. During the same quarter previous year, the company earned $0.38 earnings per share. Among the 2 analysts who were surveyed, the consensus expectation for quarterly sales had been 96.015M.

Chesapeake Energy (NYSE:CHK) has earned a “B+” credit rating from Morningstar.

In the past one year, Chesapeake Energy has suffered as its liabilities surged to $11.6 billion, while the market value of its oil and gas reserves plummeted.

In other Chesapeake Energy news, CEO Robert D. Lawler acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, November 17th. The stock has a 50 day moving average price of $7.50 and a 200 day moving average price of $9.72. Eight investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Also serving on the company’s Operating Committee are Stumpf’s other direct reports: John Shrewsberry, chief financial officer; Hope Hardison, chief administrative officer; Michael Loughlin, chief risk officer; Kevin Rhein, head of Technology and Operations; David Julian, chief auditor; and Jim Strother, general counsel. The transaction was disclosed in a document filed with the SEC, which is available through this link. The Oil Exploration & Production company is now valued at $3.89 billion and its share price closed the last trading session at $5.87. The compression, gathering and promotion managing segment is responsible for compression, assembly and marketing of natural gas, oil and NGL. In August 2013, SemGroup Corporation completed acquisition of the gas gathering and processing assets owned by Chesapeake Energy Corporation. The Business owns interests in approximately 45,100 petroleum and natural gas wells that produced an average of around 729 thousand barrels of oil equivalent (mboe).