CHK - Chesapeake Energy Insider Trades SendAa Signal | Benzinga
A new SEC filing reveals that BENJAMIN DUSTER, Board Member at Chesapeake Energy (NASDAQ:CHK), made a notable insider purchase on June 6,.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, DUSTER purchased 2,234 shares of Chesapeake Energy, demonstrating confidence in the company's growth potential. The total value of the transaction stands at $200,054.
During Friday's morning session, Chesapeake Energy shares down by 0.29%, currently priced at $88.05.
Unveiling the Story Behind 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.
Understanding the Numbers: Chesapeake Energy's Finances
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, ...