|Bid||2.60 x 4000|
|Ask||2.61 x 800|
|Day's Range||2.5400 - 2.6200|
|52 Week Range||1.7100 - 5.6000|
|Beta (3Y Monthly)||3.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.00|
Why Morgan Stanley Is Bullish on Range ResourcesMorgan Stanley is bullish on Range ResourcesOn February 13, Morgan Stanley (MS) raised its target price on Range Resources (RRC) by $1 to $12. On January 30, Morgan Stanley raised its target price
Natural Gas: Key Price Points for Next WeekNatural gas’s implied volatility On February 14, natural gas’s implied volatility was 25%, which was ~25.2% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell
Why ConocoPhillips Stock Doesn't Have Any 'Sell' RecommendationsWall Street analysts’ recommendation Based on Reuters data from 22 analysts tracking ConocoPhillips (COP), 45% recommended “holds,” 55% recommended “buys,” and none
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. ...
Natural Gas Prices: What Are the Key Drivers?(Continued from Prior Part)Natural gas rig count The natural gas rig count was at 195 last week, which was three less than the previous week. The natural gas rig count has fallen ~87.9% from its record
Natural Gas Prices: What Are the Key Drivers?Natural gas outlook On February 12, the EIA (U.S. Energy Information Administration), in its Short-Term Energy Outlook report, downgraded Henry Hub natural gas spot to $2.83 per MMBtu (million British
Antero Resources' Earnings Could Jump 79%, but There's a RiskAntero Resources’ earnings could jump 79% Tomorrow, Antero Resources(AR) could report adjusted net income of $0.43 per share in Q4 2018, based on analysts’ consensus estimates. This
Why 'Sell' Recommendations Are Rising for Chesapeake EnergyAnalysts’ recommendationsBased on Reuters data from 23 analysts tracking Chesapeake Energy (CHK), 48% have recommended “holds,” 39% have recommended “sells,” and 13% have
Where Chesapeake Energy Might Trade in FebruaryChesapeake’s implied volatility On February 11, Chesapeake Energy’s (CHK) implied volatility was 72.5%, ~13.5% higher than its 15-day average. On the same day, CHK’s peers Range Resources (RRC)
Oil Prices: Is the Rebound Sustainable?US crude oilOn February 11, US crude oil prices fell 0.6% and settled at $52.41 per barrel. On the same day, US crude oil active futures made an intraday low of $51.23—the lowest level since January 17. A
In the latest trading session, Chesapeake Energy (CHK) closed at $2.40, marking a +0.42% move from the previous day.
Important Trends in the Energy Market Last Week(Continued from Prior Part)Energy stocksIn the week ending February 8, upstream stock Denbury Resources (DNR) fell the most among the energy stocks under review in this series, which include the
ConocoPhillips: Investors' Confidence Is RisingConocoPhillips Since ConocoPhillips (COP) reported its fourth-quarter earnings results on January 31, the stock has fallen 1.7% despite a fall of 2% and 8.2% in US crude oil and natural gas prices,
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.
Shares of Chesapeake Energy Corp. tumbled 6.1% in afternoon trade Friday, enough to pace the S&P 400 Mid Cap index in losses, and putting them on track for a seventh-straight loss. That would be the longest losing streak for the oil and gas exploration and production company's stock since the 11-session losing stretch that ended on Oct. 14, 2014. Since that losing streak, there had been seven 6-day losing streaks. The stock has lost 20% during its current losing streak, but was still up 34% since it closed at a near 3-year low of $1.73 on Dec. 24. The stock's decline on Friday comes despite a 0.1% gain in crude oil futures . Chesapeake has not issued a press release or filed anything with the Securities and Exchange Commission since Feb. 1. The stock has tumbled 34% over the past three months, while crude futures have shed 14%, the S&P 400 has slipped 2.9% and the S&P 500 has lost 3.9%.
Where Will Natural Gas Close Next Week?Natural gas’s implied volatility On February 7, natural gas’s implied volatility was 26.7%, which was ~41.3% below its 15-day moving average. In the trailing week, natural gas’s implied volatility fell
How Chesapeake Energy Performed in 2019Chesapeake in 2019 so farChesapeake Energy (CHK) has risen 17.6% in 2019 so far. Peers Southwestern Energy Company (SWN) and Cabot Oil & Gas (COG) have risen 9.1% and 6.1%, respectively, in this time
Driven by key low cost-high margin U.S. resource shales like Permian, Eagle Ford and Bakken, Marathon Oil (MRO) forecasts 30-34% annual growth in 2018 production.
“Right now, it’s a risk-on mentality—you want to be long riskier assets until you get a deal with China,” he said in extensive comments to Bloomberg. “You want to fade the rally into the deal—and that deal is probably going to be a watered down deal anyway,” he said.
In late October, yours truly here touted Chesapeake Energy (NYSE:CHK) as an underestimated turnaround prospect. Chesapeake stock promptly fell from that day's close of $4.54 to a Dec. 24 close of $1.73, confirming that I am neither clairvoyant nor infallible. Click to Enlarge Source: Philadelphia 76ers Via Flickr Since then, Chesapeake stock has made its way back to its current price near $2.60. Most investors also fully recognize the steep selloff was due to a combination of major market-wide selloff and a meltdown in crude and natural gas prices. The company didn't unexpectedly hit a wall. Still, nothing undercuts a stock's future like broken confidence. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Chesapeake Energy is a name I'm standing by though. While it's fighting an uphill battle of weak commodity prices, it remains the best-of-breed pick within the exploration and production arena.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Closer Look at Chesapeake StockFor the record, none of its rivals have fared much better since late October. ConocoPhillips (NYSE:COP) hasn't been hit quite as hard, though it's still down to the tune of 5%, while Devon Energy (NYSE:DVN) has fallen 24% for the three-month stretch. There's been nowhere for any energy name to hide from the 23% setback in oil prices for the timeframe in question.And yet, though Chesapeake Energy desperately needs oil prices to rebound to prompt a corresponding rebound from Chesapeake stock, there's arguably no better company poised to support such a bounce.Thank CEO Doug Lawler, mostly.Lawler was named CEO in 2013, recruited from rival Anadarko Petroleum (NYSE:APC). Though he handled international and deepwater operations for his previous employer, he was actually a holdover from Oklahoma's Kerr-McGee, which was acquired by Anadarko in 2006.His experience and familiarity with the area have proven invaluable.Lawler is reshaping the company to focus first and foremost on the Powder River Basin and Eagle Ford. The former covers a swath of southeast Montana and northeast Wyoming, while the latter sweeps through the heart of Texas.The recently-completed acquisition of WildHorse Resources adds 420,000 acres of exposure to Eagle Ford, and simultaneously triples the company's proved-but-undeveloped oil reserves to 320 million barrels.Meanwhile, Chesapeake is shedding properties outside of the area of focus, like its Utica shale assets in Ohio.There's more to the remix of properties than streamlining and debt-reduction though. The company explained in the middle of last year (and not for the first time) "The Eagle Ford Shale in South Texas remains Chesapeake's EBITDA-generating backbone, consistently delivering high-margin oil volumes and stable production."It's similarly mastered the nuances of the Powder River Basin.The development of properties in those two regions goes beyond an expertise of that turf, however. Both areas are close to the Gulf Coast, where premium prices for crude can be found more often than not. It's the Little ThingsThe new configuration is bearing fruit, when tepid oil and gas prices aren't prematurely picking it.It's not an easy premise to prove. A quick review of its historical balance sheet data reveals its total liabilities of $12.8 billion is more or less in line with 2017's final tally of $12.4 billion. Take a look further back in time though. As of 2014, when gas and crude prices were on the verge of collapse, that figure was a stunning $40.7 billion.That's enough progress for Moody's to upgrade the company's remaining debt to B2, making it cheaper for Chesapeake to secure new debt or refinance existing debt.More important, the cost and headache of restructuring hasn't crimped production. Chesapeake Energy reported in early January it believes it produced about 463,000 BOE per day, versus analyst estimates of 448,000. It's a hint that the outfit is getting more out of its assets than anticipated, or at least doing so at a faster-than-expected pace. WildHorse may drive more growth than currently expected as well.Lawler isn't thinking or acting recklessly though. Also early in the year the company announced it was culling its rig count from 19 to what should be an average of 14 by year's end, to reflect contracted oil and gas prices.Shuttering those rigs will reduce unnecessary expenses until higher crude prices justify their reactivation, adding onto cost cuts that have already been realized. During the third quarter of last year, production costs fell from $3.03 per BOE a year earlier to $2.68 per BOE thanks to sales of lackluster properties and smarter use of remaining ones.Chesapeake's post-implosion rebuild has arguably been one of the best in the business. Bottom Line for Chesapeake StockNone of these initiatives are readily evident to current and prospective shareholders, however, keeping a cap on CHK stock in an environment that's already been less than friendly to energy stocks. It will take an oil rebound for the upside of the Lawler-led effort to become clear and buyable.That recovery is more likely to be a matter of "when" than "if" though.In spite of the economic caterwauling, the EIA forecasts that consumption of oil will continue to grow in 2019 as it did in 2018, with no great net increases in production capacity on the horizon. And, to the extent new oil spigots could be opened, OPEC is curtailing its output this year to counterbalance the United States' ramped-up production.Although oil stockpiles in the U.S. are moving slightly higher now, the total days' worth of crude in inventory has been quietly falling since February of last year.If nothing else, its forward-looking P/E of 4.6 makes CHK stock a ticker to add to a watchlist, for the point where crude and natural gas prices finally make their pivot.The fourth quarter earnings report slated for Feb. 27 could make or break the bullish argument.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post Chesapeake Stock Still Is a Top Way to Play an Oil, Gas Rebound appeared first on InvestorPlace.
NEW YORK, Feb. 07, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Is US Crude Oil's Journey to $60 Unstoppable?EIA inventory data On February 6, the EIA (U.S. Energy Information Administration) reported a rise of 1.3 MMbbls (million barrels) in US crude oil inventories for the week that ended on February 1. A
Will Natural Gas Rise from Almost a Ten-Month Low?(Continued from Prior Part)Futures spread On February 5, the natural gas futures for March 2019 closed at a discount of ~$0.22 to the March 2020 futures. On January 29, the futures spread was at
Will Natural Gas Rise from Almost a Ten-Month Low?(Continued from Prior Part)Natural gas rig countThe natural gas rig count was at 198 last week, which was one more than the previous week. The natural gas rig count has fallen ~87.7% from its record