Chesapeake Energy Corporation (NYSE:CHK), announced earlier this week, will unveil to shareholders the existence of loans its CEO Aubrey McClendon obtained out against his interest in thousands of wells approved to him as a corporate perk, according to a regulatory filing on Friday.
According to Reuters on Wednesday that McClendon has borrowed to the extent that $1.1 billion against his 2.5% interest in wells received as part of his compensation.
Turning towards the investors who viewing CTAS against SandRidge Energy Inc. (NYSE:SD) surged +0.14%, Devon Energy Corporation (NYSE:DVN) lost -1.03%, Clean Energy Fuels Corp. (NASDAQ:CLNE) slid -3.26%, Halliburton Company (NYSE:HAL) dropped -2.03%, Southwestern Energy Company (NYSE:SWN) which also decreased -1.38% and Apache Corporation (NYSE:APA) slipped -0.69%.
Chesapeake Energy Corporation (NYSE:CHK) dropped -3.11% or -$0.56 to close the trading at $17.44 following it hit intra day high level of $18.29. The total traded volume in the previous trading session was 28.24 million shares as compared to average 17.30 million shares. Its fifty two week trading range was $17.17 – $35.75. The total market capitalization reached $11.55 billion.
The stock price was ahead its 52 week low price with 1.57% and it lagged behind -50.65% from its 52 week maximum mark. Stock price volatility for last month remained 3.82%. In its share capital, the company has 662.50 million outstanding shares out of which 657.97 million shares have been floated in the market. For now, stock ownership with company’s management remained 1.25%.
CHK presented a negative weekly performance of -12.58% with respect to its rate of return and it remained -30.46% for the month. However, the performance for a quarter experienced a negative change of -16.44% and it slumped -45.05% for a year and its year to date performance remained in red with -21.12%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -19.52% and continued bullish run for 50 days moving average with -24.63%. Its earning per share for the past twelve months was $2.21. Company’s beta coefficient was at 1.26. Beta measures the amount of market risk associated with market trade.
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