|Bid||4.630 x 800|
|Ask||4.640 x 21500|
|Day's Range||4.550 - 4.755|
|52 Week Range||2.530 - 5.600|
|Beta (3Y Monthly)||2.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.68|
The earnings season has begun, and the US upstream energy sector is expected to be among the top-performing US sectors in the third quarter.
OKLAHOMA CITY , Oct. 19, 2018 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) today announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock ...
On October 10–17, our list of natural gas–weighted stocks fell 0.3%, while natural gas November futures rose 1.1%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations with US crude oil November futures in the last five trading sessions are: Chesapeake Energy (CHK) at 92.2% Southwestern Energy (SWN) at 88.7% Gulfport Energy (GPOR) at 86.6% Cabot Oil & Gas (COG) at 79.7% Antero Resources (AR) at 78.6%
On October 17, natural gas November futures rose 2.5% and settled at $3.32 per MMBtu (million British thermal units)—the highest closing level for active natural gas prices since January 29. According to Reuters, for the next two weeks, Refinitiv analysts have increased the total degree days from 225 on October 16 to 227 on October 17 in the Lower 48 US states. The increase might result in slightly higher natural gas use for heating than previously expected. The total degree days are still higher than the 30-year average of 188 for these weeks.
The natural gas rig count was at 193 last week—four more than the previous week. However, the natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
In the week ending on October 5, the inventories spread was -17%. The inventories spread is the difference between natural gas inventories and their five-year average.
NEW YORK, Oct. 17, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The high-paying stock is expanding a partnership so that it's in a better spot to capture more growth.
The Zacks Analyst Blog Highlights: Chesapeake Energy, Comstock Resources, Southwestern Energy, Range Resources and CNX Resources
The big shareholder groups in Chesapeake Energy Corporation (NYSE:CHK) have power over the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a Read More...
In any market — bull or bear — investors can always find turnaround stocks to buy. Chipotle Mexican Grill (NYSE:CMG) more than doubled this year (in a little over six months) thanks to a new CEO and simply some progress in fixing its myriad issues. Or has the company fallen behind to a point where it can’t catch up?
The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations in the last five trading sessions are: Antero Resources (AR) at 99.3% Gulfport Energy (GPOR) at 96.2% Chesapeake Energy (CHK) at 79.2% Range Resources (RRC) at 75.8% Southwestern Energy (SWN) at 69.4%
On October 10, natural gas November futures rose 0.6% and settled at $3.284 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since January 29. Concerns surrounding natural gas’s undersupply in the upcoming winter season could be behind natural gas’s rise.
The natural gas futures contract has completed a multi-year bottoming pattern near $3.00 per million British thermal units (MMBtu) and broken out above 2016 resistance, entering the first bull market since 2008. Geopolitical tensions, low inventories and weather-related demand have been cited for the new uptrend, which is unfolding at the same time that crude oil and other physical commodities are posting multi-year highs. Sadly, the US Natural Gas Fund ( UNG) doesn't show this secular breakout following years of contango.
On October 9, the natural gas futures for November closed at a premium of ~$0.46 to the November 2019 futures. On October 2, the futures spread was at a premium of $0.4. On October 2–9, natural gas November futures rose 3.2%.
As energy traders focus on Iran sanctions, the recent rally in crude oil and how to make money in this market, we're looking at another part of the industry focused on liquefied natural gas (LNG). In this case, the growing presence of international companies in the U.S., such as Qatar Petroleum, who is close to make a final investment decision on its Golden Pass LNG terminal in the next few months. The Golden Pass LNG Terminal near Sabine Pass, Texas, is a joint venture formed by affiliates of three of the world's largest and most experienced oil and gas companies.
In the week ending September 28, the inventories spread was -17.5%. The inventories spread is the difference between natural gas inventories and their five-year average.
The natural gas rig count was at 189 last week—unchanged from the previous week. However, the natural gas rig count has fallen ~88.2% from its record level of 1,606 in 2008.
Chesapeake Energy (CHK) saw a new coverage initiation at Morgan Stanley last week. Morgan Stanley started with a “neutral” rating on Chesapeake Energy, which is equivalent to “hold,” and assigned a target price of $5. Suntrust Robinson downgraded Chesapeake Energy to “hold” from “buy.” Overall, the company has seen six rating updates in the past six months including three downgrades, one upgrade, and two new coverage initiations.