3.1900 +0.03 (0.95%)
After hours: 7:59PM EDT
|Bid||3.1600 x 40700|
|Ask||3.1700 x 40700|
|Day's Range||3.1300 - 3.3800|
|52 Week Range||1.7100 - 5.6000|
|Beta (3Y Monthly)||3.04|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.09|
With oil rebounding back toward $60 a barrel, the recent addition of the oil-rich WildHorse Resource Development could begin paying off.
Where Chesapeake Energy Could Be by the End of MarchChesapeake’s implied volatilityOn March 18, Chesapeake Energy’s (CHK) implied volatility was 51.9%, which is ~14.7% less than its 15-day average. On the same day, Range Resources (RRC) and
Shares of Chesapeake Energy Corp. jumped 4.5% toward a 4-month high in active morning trade Tuesday, after an upbeat call by Raymond James analyst James Freeman and a rally in crude oil futures toward a 4-month high. Freeman affirmed his outperform rating while boosting his stock price target to $4.50, which is 43% above Monday's closing price, from $4.00. "While we believe that [Chesapeake] will modestly outspend cash flow in 2019, we believe that the company has a good chance of being roughly cash flow neutrality in 2020, a very positive step as the firm looks to continue paring down debt," Freeman wrote in a note to clients. Separately, crude futures rose 0.3%, putting them on track for the highest close since Nov. 12. Chesapeake's stock has soared 57% year to date, while continuous crude futures have run up 31% and the S&P 500 has climbed 13%.
Why Oil's Rise Might Be UnstoppableUS crude oil On March 18, US crude oil prices rose 1% and settled at $59.38 per barrel—the highest closing level for active US crude oil futures since November 12. The oil prices likely rose due to the falling
Natural Gas: An Important Update for TradersNatural gas At 3:34 AM EST on March 19, natural gas prices were almost unchanged from the last closing level. On March 18, natural gas April futures rose 2% and closed at 2.85 per MMBtu (million British
Chesapeake Energy: Why Are Analysts Passive?Analysts’ recommendationsBased on Reuters data from 24 analysts tracking Chesapeake Energy (CHK), 50% recommended a “hold,” 38% recommended a “sell,” and ~12% recommended a “buy.”On March
OKLAHOMA CITY, March 19, 2019 /PRNewswire/ -- Chesapeake Energy Corporation (CHK) today announced the preliminary results of its private offers to exchange (the "Exchange Offers") new 8.00% Senior Notes due 2026 (the "New Notes") for certain outstanding senior unsecured notes listed in the table below (the "Existing Notes"). As of 5:00 p.m., New York City time, on March 18, 2019 (the "Early Tender Date"), approximately $883.5 million aggregate principal amount, or approximately 59.7%, of Existing Notes were validly tendered and not validly withdrawn. The following table sets forth the approximate aggregate principal amounts of each series of Existing Notes that were validly tendered and not validly withdrawn on or prior to the Early Tender Date.
Energy Sector Highlights Last WeekUS crude oil last week On March 8–15, US crude oil April futures rose 4.4% and closed at $58.52 per barrel—the second-highest closing level for active US crude oil futures since November 12. In the past week,
What's behind Your Energy Portfolio Gains?US crude oil moved higher this week On March 14, US crude oil April futures rose 0.6% and settled at $58.61 per barrel, the highest closing level for US crude oil active futures since November 12. Moreover,
How Energy Commodities Are Influencing Upstream Energy Stocks(Continued from Prior Part)Natural-gas-weighted stocks’ returnsBetween March 6 and March 13, our list of natural-gas-weighted stocks fell 0.3%, while natural gas April futures fell 0.7%.
How Energy Commodities Are Influencing Upstream Energy Stocks(Continued from Prior Part)Natural-gas-weighted stocks ignored natural gas pricesThe natural-gas-weighted stocks on our list had either low or negative correlations with natural gas April
Will the Weakness in Natural Gas Continue?(Continued from Prior Part)Futures spread On March 12, the natural gas futures for April 2019 closed at a discount of ~$0.18 to the April 2020 futures. On March 5, the futures spread was at a discount of
Will the Weakness in Natural Gas Continue?(Continued from Prior Part)Required fall in inventories On March 14, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas inventory report for the week ending March 8. Any
Will the Weakness in Natural Gas Continue?Natural gas pricesOn March 11, natural gas April futures rose 0.4% and settled at 2.784 per MMBtu (million British thermal units). On the same day, natural gas prices closed at the second-lowest level since
Oil Prices: Analyzing Key FundamentalsUS crude oilOn March 11, US crude oil prices rose 1.3% and settled at $56.79 per barrel. The oil prices likely rose due to the falling global oil supply. In the trailing week, US crude oil prices rose 0.4%.
Natural Gas Update for TradersNatural gasAt 4:44 AM EST on March 12, natural gas prices have risen ~0.2% from the last closing level. On March 11, natural gas April futures fell 3.2% and closed at 2.772 per MMBtu (million British thermal units). The
Chesapeake Energy (CHK) closed the most recent trading day at $2.75, moving +0.73% from the previous trading session.
Natural Gas Started on a Lower Note This WeekNatural gas At 8:24 AM EST on March 11, natural gas prices have fallen ~3% from the closing level last week. In the week ending March 8, natural gas April futures rose 0.2% and closed at 2.865 per MMBtu
Energy Sector: Key Development Last WeekUS crude oil last week On March 1–8, US crude oil April futures rose 0.5% and closed at $56.07 per barrel. In the past week, rising concerns about an economic slowdown limited oil’s upside. The difference
Big Oil dodged a bullet. Norway took a partial step in divesting oil and gas stocks in its massive $1 trillion wealth fund, approving the sale of smaller exploration companies while sparing the biggest producers such as Royal Dutch Shell Plc and Exxon Mobil Corp. After more than a year of deliberation, the government on Friday approved excluding 150 companies that are held by the fund and classified as exploration and production companies by FTSE Russell.