Chesapeake Energy (NYSE:CHK) Reduces BOD’s Compensations- CHK, SD, DVN, SWN, CLNE, HAL, APA

  on May 22,2012 Posted in Finance ,Investment Ideas
 
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Chesapeake Energy Corporation (NYSE:CHK) announced that its board of directors have taken a reduce th4 pay and perks that could quantity to a total savings of $1.65 million a year for the firm.

The action was taken coming weeks of criticism of the firm’s increasing debt, use of resources, and the board’s knowledge about Chief Executive officer Aubrey McClendon’s borrowing practices, according to a Bloomberg report.

The directors’ new pays will be $350,000 a year, depends on $250,000 in equity and $100,000 in cash. However, Bloomberg notes that the revised compensation plan, which represents a 20% reduced overall, still puts Chesapeake’s (NYSE:CHK) directors ahead of the curve.

Turning towards the investors who viewing CHK against SandRidge Energy Inc. (NYSE:SD) rose +6.91%, Devon Energy Corporation (NYSE:DVN) grew +2.38%, Southwestern Energy Company (NYSE:SWN) advanced +1.86%, Clean Energy Fuels Corp. (NASDAQ:CLNE) edged up +9.21%, Halliburton Company (NYSE:HAL) which also increased +4.14% and Apache Corporation (NYSE:APA) moved up +2.73%.

Chesapeake Energy Corporation (NYSE:CHK) after opening at $14.33 hit high price of $15.23 and then closed at $14.91 by surging 3.83% and on last session volume of 28.28 million shares was lower than its average volume of 43.73 million shares.

The stock price volatility was 6.77% for a week and 6.36% for a month as well as price volatility’s Average True Range for 14 days was 1.12 and its beta remained 1.30.

The liquidity measure in recent quarter results of the company was recorded 0.59 as current ratio and on the other side the debt to equity ratio was 0.79 and long-term debt to equity ratio also remained 0.79. The Company had total cash at hand $438.00 million and a book value per share as $20.98 in the most recent quarter.

CHK generated revenue of 12.44 billion in the following twelve months and earned $1.70 billion. The Company showed a positive 15.40% in the net profit margin and as well as in its operating margin which remained 24.41%. Company’s annual sales growth for the past five year was 9.69%.

 



 

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