|Bid||46.48 x 800|
|Ask||46.79 x 1100|
|Day's Range||46.40 - 47.81|
|52 Week Range||40.79 - 58.43|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||65.12|
|Forward Dividend & Yield||4.50 (9.47%)|
|1y Target Est||N/A|
Shares of Kinder Morgan Inc. dropped Thursday in active trading, dragged down by a disappointing earnings report and a selloff in crude oil and natural gas prices.
Shares of Chesapeake Energy Corp. surged 3.4% in afternoon trading Friday, to bounce off a 20-year closing low, as a a rebound in oil prices helped provide a boost. The oil and gas company's stock had tumbled 7.1% on Thursday, and sank 18% amid a four-session losing streak, to the lowest close ($1.58) since April 1999. On Friday, crude oil futures rose 0.7% to snap a four-session losing streak, helped by reports that Iran seized a U.K.-flagged ship in the Gulf of Oman. The correlation coefficient between Chesapeake's stock and crude oil futures, over the past two decades, has been 0.78, in which 1.00 would mean they move perfectly in sync. In comparison, Chesapeake's correlation with the S&P 500 is negative 0.28.
Investors seeking stocks with high reward potential might want to consider this pharmaceutical company, oil and gas driller, and wind blade maker instead of wading into the high-risk penny stock market.
Chesapeake Energy Corp NYSE:CHKView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is high for CHK with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting CHK. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CHK are favorable, with net inflows of $7.52 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. CHK credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
On Monday, Jefferies reduced its target price on Chesapeake Energy ~50% to $1. This week, the company should close between $1.76 and $2.1 68.0% of the time.
At 7:12 AM ET on July 1, US crude oil active futures were trading 2.2% higher compared to last week. Energy stocks might open higher on July 1 due to oil's gains.
Chesapeake stock has fallen 60% in the last year, but Morgan Stanley says the company is in good position to pay down debt and benefit from asset sales in the months ahead.
The impact fee totals hit $242.9 million, not including $8.8 million in payments from previous years that had been withheld in a court case.
Chesapeake Energy and Range Resources were among the stocks that had the highest correlation with US crude oil prices. On June 19–26, US crude oil active futures rose 10%.
Chesapeake Energy had the highest negative correlation with natural gas prices. Cabot Oil & Gas had the most negative correlation of 88.8% with US crude oil prices.
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
As of 7:14 AM ET on June 20, US crude oil August futures have risen 3.4% from the last closing level due to rising geopolitical tension in the Middle East. Iran shot down a US military drone in the international airspace.
Chesapeake Energy and Southwestern Energy were among the stocks that had the highest correlation with US crude oil prices. On June 12–19, US crude oil active futures rose 5.1%.
On June 20, the EIA is scheduled to release its natural gas inventory report for the week ending June 14. Any rise less than ~76 billion cubic feet could cause the inventories spread to expand more into the negative territory.
On June 18, natural gas July futures fell 2.4% and settled at $2.33 per million British thermal units. On the same day, Chesapeake Energy (CHK) and Gulfport Energy (GPOR) rose 3.8% and 1.8%, respectively.
Last week, natural gas July futures rose 2.1% and settled at $2.387 per million British thermal units. Bullish inventory data and higher demand could be behind the recovery in natural gas prices.
Oil prices can have a significant impact on the entire energy sector not just on oil-weighted stocks. Oil prices are often important for the energy sector’s general sentiment, which explains the different trend in correlations among natural-gas-weighted stocks with oil and natural gas prices.
Will Rise in Natural Gas Prices Continue?(Continued from Prior Part)Inventories spreadIn the week ending May 31, the inventories spread was -10.8%. During this period, the negative inventories spread contracted by ~1.3 percentage points compared to
Why Chesapeake Energy Has Been an Outperformer in JuneChesapeake Energy has seen a small decline in JuneMonth-to-date, as of June 11, Chesapeake Energy (CHK) stock is down just 1%. The SPDR S&P Oil & Gas Exploration & Production ETF
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.