CHK - MICHAEL WICHTERICH Of Chesapeake Energy Shows Optimism Buys $350K In Stock | Benzinga
A notable insider purchase on June 6, was reported by MICHAEL WICHTERICH, Board Member at Chesapeake Energy (NASDAQ:CHK), based on the most recent SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that WICHTERICH purchased 3,909 shares of Chesapeake Energy. The total transaction amounted to $350,050.
Monitoring the market, Chesapeake Energy's shares down by 0.92% at $87.5 during Friday's morning.
Get to Know Chesapeake Energy Better
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.
Chesapeake Energy's Financial Performance
Decline in Revenue: Over the 3 months period, Chesapeake Energy faced challenges, resulting in a decline of approximately -64.65% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails ...