CHK - Chesapeake Energy Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
2.5900
-0.0100 (-0.38%)
As of 3:51PM EST. Market open.
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Previous Close2.6000
Open2.6300
Bid2.59 x 1200
Ask2.60 x 900
Day's Range2.5700 - 2.6900
52 Week Range1.7100 - 5.6000
Volume31,437,600
Avg. Volume43,539,967
Market Cap4.187B
Beta (3Y Monthly)3.15
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateFeb 27, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-04-13
1y Target Est2.96
Trade prices are not sourced from all markets
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  • InvestorPlace3 days ago

    Chesapeake Energy Stock Looks Great, If You’re Willing to Wait

    Along with many other stocks this year, Chesapeake Energy (NYSE:CHK) has posted a nice return. Note that the shares are up about 19%. This is in-line with other operators like Devon Energy (NYSE:DVN), but this masks a roller-coaster ride. First of all, Chesapeake Energy stock is still well off its high.Since July, the shares have plunged from $5.29 to $2.50. Something else: from Jan. 30 to Feb. 8, Chesapeake Energy stock fell every single day! * 7 Financial Stocks With Accelerating Growth What's going on? Well, the overall volatility in the energy markets has certainly been a major factor, as there has been continued weakness in crude oil and natural gas prices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome of the reasons include the strength in the dollar (many commodities are purchased with U.S. dollars), rising production (especially in the U.S.) and a global economic slowing, such as in China and Europe.Of course, the energy market can turn quickly. But at least for now, there are few catalysts to get things back on track - and this should weigh on Chesapeake Energy stock. Operations and Chesapeake Energy StockNow I believe that the company is well run. Since coming on board as CEO in 2013 after a successful stint at Anadarko Petroleum (NYSE:APC), Robert Lawler has wasted little time in improving the operations and the balance sheet.The actions have included more than $1 billion in annual cost cuts and reductions of over $12 billion in debt and more than $10 billion in legacy commitments. Lawyer has also been effective in finding ways to improve cash flows and be disciplined with capital investments.Despite all this restructuring, Lawler has still somehow found ways to expand the company's unconventional assets. There are currently about 14,900 oil and natural gas wells in areas like the Eagle Ford Shale in South Texas, the Anadarko Basin in northwestern Oklahoma, Marcellus Shale in the northern Appalachian Basin in Pennsylvania and Powder River Basin in Wyoming.The recent $3.977 billion acquisition of WildHorse, which is an oil and gals company with assets in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, should also be a positive for CHK stock.With the deal, the oil production is estimated to more than double by the end of 2020 and will bring the overall oil mix to about 30%. There should also be a 50% improvement in EBITDA margins. As for the proved-but-undeveloped oil reserves, these have tripled to 320 million barrels.WildHorse's Eagle Ford holding is particularly attractive. It has about 420,000 acres and about 80% to 85% is underdeveloped. So yes, there is quite a bit of potential. Chesapeake's proven track record with cost efficiencies should also be a big help. In fact, there are expected to be $200 million to $280 million in annual savings over the next five years from the acquisition. Bottom Line on CHK StockIt's really tough to find faults with Lawler's actions. But unfortunately, the key driver is the energy market. And for the most part, the fundamentals are looking weak. They include a terrible combination of oversupply and lagging demand.Yet this does not necessarily mean you should avoid CHK stock. As InvestorPlace.com's James Brumley has noted, the company is a "best-of-breed pick within the exploration and production arena."But I think CHK stock is still for those who are willing to take a long-term view on things. Although, with the stock well off its highs, the current price point does look reasonable, with the forward price-to-earnings ratio at a mere 4X.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post Chesapeake Energy Stock Looks Great, If Youa€™re Willing to Wait appeared first on InvestorPlace.

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  • PR Newswire8 days ago

    Chesapeake Energy Corporation Engages RS Energy Group To Drive Innovation And Shareholder Returns

    OKLAHOMA CITY , Feb. 14, 2019 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) announces an innovative partnership to accelerate the company's digital transformation and data-driven growth initiatives.  ...

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  • MarketWatch11 days ago

    Chespeake Energy's stock turns lower again, in danger of 8th straight loss

    Shares of Chesapeake Energy Corp. swung to a loss of 0.8% in morning trade Monday, erasing a premarket gain of as much as 3.8%, to put them on track for an 8th-straight loss. Helping weigh on the shares, crude oil futures slumped 2.1%, amid concerns over rising U.S. production and a stronger dollar. An 8th-straight loss for Chesapeake's stock would be the longest losing streak since since the 11-session streak that ended on Oct. 14, 2014. The stock has tumbled 18% during its losing streak, while the SPDR Energy Select Sector ETF has lost 1.3% and the S&P 500 has gained 1.25 over the same time.