CHK - Chesapeake Energy Corporation

NYSE - NYSE Delayed Price. Currency in USD
1.7800
-0.0100 (-0.56%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close1.7900
Open1.8200
Bid1.7400 x 34100
Ask1.7900 x 47300
Day's Range1.7400 - 1.8700
52 Week Range1.2600 - 4.9800
Volume48,032,500
Avg. Volume51,519,331
Market Cap3.356B
Beta (3Y Monthly)2.56
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateOct 28, 2019 - Nov 1, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-04-13
1y Target Est2.00
Trade prices are not sourced from all markets
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    Chesapeake Energy Corp. said Tuesday it entered into a privately negotiated agreement to issue a total of 250.7 million shares of common stock in exchange for senior notes and convertible preferred stock. the stock slumped 2.1% in premarket trading. "We had an opportunity to partner with a large, multi-asset investment manager who believes in the long-term value of our common shares and, in doing so, retired a portion of our debt and preferred stock at a significant discount to its par value and reduced our annual interest and preferred dividend payments by approximately $35 million," said the oil and gas company's chief executive, Doug Lawler. The common stock issuance represents 15.3% of the 1.63 billion shares outstanding as of July 31. The stock will be exchanged for $40 million in 5.75% convertible preferred stock, $112.7 million in 4.875% senior notes due 2022, $129.3 million in 5.75% senior notes due 2023, $155.8 million in 5.5% convertible senior notes due 2026 and $150 million in 8.0% senior notes due 2027. The stock has shed 10.0% year to date through Monday, while the SPDR Energy Select Sector ETF has gained 5.0% and the S&P 500 has rallied 18.8%.

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  • 3 Big Stock Charts for Tuesday: Weyerhaeuser, Western Digital and Air Products & Chemicals
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    The market was higher and lower on Friday, but when all was said and done, it essentially ended the day flat. The S&P 500 finished last week's action essentially flat, gaining a tiny 0.06% … the usual modest action we see before a three-day weekend, on the usual modest volume.Source: Shutterstock General Electric (NYSE:GE) may have been the ultimate reason stocks finished the week on a (barely) high note. It gained 1.8% on Friday, rallying on a partial legal victory that should ease its vulnerability to a lawsuit that alleges accounting fraud. The suit now must prove there was forehand knowledge of accounting problems that have become nightmarish for the organization and its shareholders.And, the market managed to overcome the drag that Chesapeake Energy (NYSE:CHK) proved to be on Friday, when it slumped more than 6%. There was no news, but a major selloff in crude oil and natural gas tripped up most names in the industry.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Lithium Stocks to Buy Despite the Market's Irrationality As the new, shortened trading week gets going though, it's the stock charts of Western Digital (NASDAQ:WDC), Weyerhaeuser (NYSE:WY) and Air Products & Chemicals (NYSE:APD) that deserve the closest looks. Here's why, and what to look for next. Weyerhaeuser (WY)Weyerhaeuser suffered the same rough end to 2018 most other stocks did. But, it hasn't enjoyed the same rebound most other names have mustered so far in 2019. Rather, the stock has seemingly been stuck on a range.Slowly but surely though, that's changing. While WY stock may remain trapped between support and resistance, it's also starting to find support in places where it hadn't. In the meantime, a handful of momentum indicators have flipped to a bullish mode. * Click to EnlargeChief among the momentum-driven clues is the moving averages, and the purple 50-day moving average line in particular. It has moved above the 200-day moving average line, marked in white, for the first time in months. * Since peaking in April, and really since late last year, Weyerhaeuser shares have been getting squeezed into the narrowing tip of a converging wedge pattern, framed by yellow dashed lines on both charts. * The upper boundary of the wedge pattern may break soon, but even if it does, there's another ceiling just above. The $27.60 area was established as a proven technical resistance area in the first quarter of the year. Air Products & Chemicals (APD)With nothing more than a passing glance, it would be easy to just say Air Products & Chemicals shares are bouncing around, moving sideways after a big runup over the course of the first half of the year. And, perhaps that's all that's happening at this time.A longer, more detailed examination of the chart since the end of July, however, reveals there may be more going on than it superficially seems. A pullback may be brewing, and the stock's vulnerability could be even more pronounced because of the 44% advance that took shape between January and July. * 10 Mid-Cap Stocks to Buy * Click to EnlargeThe biggest red flag is the streak of lower highs that has taken shape since the late-July peak, plotted as a yellow dashed line on the daily chart. * Additionally, notice how APD stock has broken back under the purple 50-day moving average line, as has the blue 20-day moving average line, for the first times since March. * Zooming out to the weekly chart we not only see a bearish MACD indicator, but the Chaikin line has taken a huge trip from a very high level in May to back under zero now. It's a sign that the volume trend turned decidedly bearish, and started to do so even before shares peaked and reversed. * Should things get worse, the most plausible support level is around $160, where the stock bounced around in a narrow range for all of 2018. Western Digital (WDC)Finally, the rebound Western Digital stock has been working on since the beginning of this year has really taken hold. It's not yet over a key hump, and has another one to test following that. But, we're starting to see support where we need to see it most, and starting to see momentum indicators solidify in a major way. * Click to EnlargeThe major highs going back to November are rather well aligned, marked as a red dashed line on both stock charts. That's the ultimate line in the sand. Notice it may be the neckline of what eventually turns into a head-and-shoulders pattern. * In the meantime, the more immediate ceiling is just under $58, marked as a yellow line on both stock charts, where shares have peaked a few times since the latter half of July. * Not only is the purple 50-day moving average line now above the white 200-day moving average line -- a so-called golden cross, indicative of sustained momentum -- the 50-day line offered the support needed to force last week's bounce out of a pullback. * Any real breakout wouldn't face its next significant technical test until it finds the turbulence around the $85 it went through in 2017 and early 2018.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. 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    [Editor's note: "The 7 Best Penny Stocks to Buy" was previously published in July 2019. It has since been updated to include the most relevant information available.]Penny stocks are often dangerous stocks to buy for individual investors. Generally described as stocks with a price under $5, the group usually consists of quite a few fallen angels and growth stocks that haven't reached, and may never reach, their potential.But there are good penny stocks to buy. During the financial crisis, several stocks hit penny stock status and then rebounded tremendously. Pier 1 Imports (NYSE:PIR) went from 13 cents to over $20 before a long decline the past few years. Dollar Thrifty Automotive bottomed at 60 cents, and sold itself in 2013 to Hertz (NYSE:HTZ) for $87.50 a share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Those penny stocks to buy are more difficult to find in a market near all-time highs, but they're still out there. Here are seven penny stocks to buy that could provide solid returns for investors going forward. Chesapeake Energy (CHK)I've had an on-again, off-again attraction to Chesapeake Energy (NYSE:CHK) over the past couple of years.Source: Shutterstock Chesapeake is still trying to recover from the oil and gas bust that left it with nearly $10 billion in debt and much lower revenues. Progress has been choppy, both for the business and the stock. CHK stock is now trading at $1.55, down 29% this year alone.Investors need to understand the risks here. The debt is a concern, particularly if oil and/or gas prices start falling again. Earnings reports have picked up recently, with CHK beating or meeting earnings consensus in the past eleven quarters.Further, a continuation of oil's move higher should disproportionately benefit CHK stock relative to a major like Exxon Mobil (NYSE:XOM). In short, CHK now looks like a classic penny stock with high risk and high reward, even if long-term shareholders certainly would prefer that it wasn't. Castle Brands (ROX)To be honest, I'm not completely sold on Castle Brands (NYSEAMERICAN:ROX) at its current price of $1.26.Source: Shutterstock And with ROX stock up just about even over the past year, it certainly seems like the market has determined the stock was trading at a fair value. That said, there's still some good news here, and it's still an interesting play on U.S. spirits.Castle's Gosling brand creates both dark rum and ginger beer, which make the increasingly popular "Dark 'N' Stormy" drink. The Jefferson bourbon brand continues to grow nicely, with Castle's whiskey portfolio (which includes smaller Irish offerings) growing revenue 20% in fiscal 2018. * 7 Tech Industry Dividend Stocks for Growth and Income Profits still are slim, but margins are increasing as revenue continues to grow. Management is well-incentivized to continue that growth. And the clear end game here is a sale to a larger spirits company like Diageo (NYSE:DEO) or Constellation Brands (NYSE:STZ, NYSE:STZ.B).If ROX stays on its current trend, it should be able to eventually jump-start a rally. Sportsman's Warehouse (SPWH)Sportsman's Warehouse (NASDAQ:SPWH) makes this list even though its current price of $4.08 is just below the $5 penny stock cutoff limit. But SPWH does look like a nice value here.Source: M01229 via FlickrSPWH briefly shook off the penny stock moniker when it topped out at $6.36 briefly in February before falling to its current levels. And yet, SPWH trades at just 7.5X next year's consensus EPS.There's a lot to like here, particularly for investors bullish on brick-and-mortar retailers. If those investors like low-handle stocks, all the better. Limelight Networks (LLNW)Limelight Networks (NASDAQ:LLNW) has executed a nice turnaround of late, and LLNW stock has responded in kind.Source: Shutterstock The internet content delivery provider is a small fish compared to industry leader Akamai Technologies (NASDAQ:AKAM), but it's making progress. Revenue is expected to rise 1% this year and 12% the next, with earnings growing at a long-term rate of 15%.LLNW stock looks rather expensive on a P/E basis, but margins are thin and EV/EBITDA multiples are favorable. With a recent surge to $2.46, a continuation of the recent trend should drive upside in the stock. * 10 Companies Using AI to Grow With Akamai rebounding amid easing of some industry-wide concerns -- notably customers like Netflix (NASDAQ:NFLX) and Facebook (NASDAQ:FB) choosing DIY options -- Limelight is positioned to keep double-digit revenue growth intact. That will boost margins and profits -- and likely get LLNW stock out of the penny stock category altogether. Plug Power (PLUG)Clean energy historically has been a graveyard for investor capital, and hydrogen vehicle developer Plug Power (NASDAQ:PLUG) hasn't been any different.Source: Shutterstock The stock trades well below peaks from last decade, and is down about 60% from early 2014 levels as well. This year alone, however, it's up more than 60%So PLUG stock's bull case is a classic "this time is different" argument, which is always tenuous. But there is some good news here.Plug Power has signed deals with Walmart (NYSE:WMT) in 2014 and with Amazon.com (NASDAQ:AMZN) in 2017. What's more, it joined forces with FedEx (NYSE:FDX) in May 2017.The company remains unprofitable, but cash burn is slowing, and the company is guiding for profits in the second half (albeit with a ton of adjustments; GAAP earnings remain a long way off). Revenue is growing quickly, with gross revenue growth of nearly 40% expected this year.PLUG has pivoted toward industrial applications, and there is some promise there. Investors in PLUG stock will have to be patient, have to tolerate volatility and have to accept risk. But if Plug Power finally can gain some traction, the current share price around $2.17 could move much higher. DHX Media (DHXM)DHX Media (NASDAQ:DHXM) has had an ugly one-year period as a stock, down 34%.Source: FlickrDebt continues to be a problem for DHX Media, with a debt-equity ratio of 115%! But at $1.22, with a market cap around $365 million, there is some reason for optimism.First, DHX added the Peanuts intellectual property to its portfolio in a deal with Iconix Brand Group (NASDAQ:ICON).That adds to the existing portfolio of Teletubbies, Inspector Gadget, Yo Gabba Gabba! and YouTube content provider WildBrain. DHX then sold 39% of Peanuts to Sony (NYSE:SNE), allowing it to reduce debt while bringing a high-quality partner on board. * 7 "Boring" Stocks With Exciting Prospects The company also undertook a strategic review, as DHX looked to further drive cost savings and reduce debt. And in a cord-cutting world where content may become increasingly valuable, the company should have some options.This is a high-risk play, as the long decline in its chart shows. ICON has dropped over 99% in the past five years due to too much debt and too weak a portfolio. But DHX should be able to avoid that fate . and potentially drive nice gains in DHXM stock. Denison Mines (DNN)I'm not a fan of mining stocks, as I've written in the past. But if investors want to take a stab at the sector, then small, developing miners traditionally offer the best chances for big gains. And Denison Mines (NYSEAMERICAN:DNN) fits that bill.Denison's properties are located in the Athabasca Basin, in northern Canada (Alberta and Saskatchewan). It's targeting uranium resources at its properties -- and uranium prices are starting to tick up.The closure of a mine by giant Cameco Corp (NYSE:CCJ) presents a near-term catalyst to those prices -- and the discounted fair value of Denison's mines.Obviously, there is a ton of risk here. Denison is unprofitable, and likely will need to raise more capital down the line. But DNN actually could provide what mining stocks are supposed to: leverage to the price of uranium.With fundamentals perhaps supporting some upside in the metal, DNN could follow.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy From This Superstar Fund * 7 Stocks to Buy This Summer Earnings Season * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post The 7 Best Penny Stocks to Buy appeared first on InvestorPlace.

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