CHK - Chesapeake Energy Board Member Makes $220K Stock Purchase | Benzinga
A new SEC filing reveals that TIMOTHY S DUNCAN, Board Member at Chesapeake Energy (NASDAQ:CHK), made a notable insider purchase on June 6,.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that DUNCAN purchased 2,457 shares of Chesapeake Energy. The total transaction amounted to $220,024.
Chesapeake Energy shares are trading down 0.92% at $87.5 at the time of this writing on Friday morning.
About Chesapeake Energy
Chesapeake Energy Corp is a us-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. Geographically, the company focuses on areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana (Gulf Coast); and Eagle Ford, South Texas.
Financial Insights: Chesapeake Energy
Negative Revenue Trend: Examining Chesapeake Energy's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -64.65% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy ...