Chesapeake Energy Corporation(NYSE:CHK) reported on Friday that it had got a $3 billion loan from Goldman Sachs and Jeffries Group that will offer it breathing room to sell assets and close a funding gap current year.
The firm , which has been embroiled in a corporate governance catastrophe that impelled its move to replace co-founder Aubrey McClendon as chairman, stated the new unsecured loan will be utilized to pay back money borrowed below its existing $4 billion revolving credit facility.
The firm, the nation’s second biggest natural gas producer, announced it intends to sell $9.0 billion to $11.5 billion in assets current year.
Turning towards the sector SandRidge Energy Inc. (NYSE:SD) lost -2.13%, Devon Energy Corporation (NYSE:DVN) fell -0.19%, Clean Energy Fuels Corp. (NASDAQ:CLNE) moved down -1.77%, Halliburton Company (NYSE:HAL) dropped -1.49%, Southwestern Energy Company (NYSE:SWN) which also decreased -1.11% and Apache Corporation (NYSE:APA) slipped -0.69%.
Chesapeake Energy Corporation (NYSE:CHK) stock in last session held volume of 86.13 million shares as compare to its average volume of 34.08 million shares. The stock after opening at $16.82 hit high price of $17.05 and then closed at $14.81 by plunging -13.80%.
As the revenue measures CHK generated revenue of 12.44 billion in the following twelve months income of $1.70 billion. The Company showed a positive 15.40% in the net profit margin and in addition to in its operating margin which remained 24.41%. Company’s annual sales growth for the past five year was 9.69%.
The stock showed weekly downbeat performance of -14.84% which was maintained for the month at -28.32%. Likewise the positive performance for the quarter was recorded as -32.77% and for the year was -50.70% while the YTD performance remained at -33.02%.
The CHK past twelve months price to sales ratio was 0.79 and price to cash ratio remained 22.40. As far as the returns are concern, the CHK return on equity was recorded as 11.98% and increased 5.75% return on investment while its return on asset stayed at 4.77%.
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