CHK - Chesapeake Energy Corporation

NYSE - NYSE Delayed Price. Currency in USD
2.6000
0.0000 (0.00%)
At close: 4:00PM EST

2.59 -0.01 (-0.38%)
After hours: 7:55PM EST

Stock chart is not supported by your current browser
Previous Close2.6000
Open2.6300
Bid2.58 x 1800
Ask0.00 x 4000
Day's Range2.5700 - 2.6900
52 Week Range1.7100 - 5.6000
Volume33,612,546
Avg. Volume43,539,967
Market Cap4.203B
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
  • Chesapeake Energy (CHK) Flat As Market Gains: What You Should Know
    Zacks3 hours ago

    Chesapeake Energy (CHK) Flat As Market Gains: What You Should Know

    Chesapeake Energy (CHK) closed at $2.60 in the latest trading session, marking no change from the prior day.

  • Chesapeake Energy Stock Can’t Outrun Its Bad Decisions Forever
    InvestorPlace8 hours ago

    Chesapeake Energy Stock Can’t Outrun Its Bad Decisions Forever

    For the life of my I don't know why people keep flogging Chesapeake Energy (NYSE:CHK). They had a good run early this decade, but they're overwhelmed by $10 billion in long-term debt, which means any success goes to the bondholders. Chesapeake Energy stock is not what it once was.Source: Philadelphia 76ers Via FlickrEven before founder Aubrey McClendon died in 2016, his successors were moving away from the northeastern natural gas that made their name, into oil. Then gas prices went up because gas had delivery infrastructure, and Chesapeake couldn't get their price on the oil.Their latest move is the $3.98 billion purchase of Wild Horse Resource Development, which does bring some Eagle Shale acres and two new board members. The combined company is now the second-leading operator in the play, which extends in an arc from the Del Rio up toward Dallas. Chesapeake shareholders own 55% of the combination.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe deal also brought Chesapeake $980 million more debt. Aubrey McClendon and Chesapeake Energy StockThe death of McClendon, who at the time was under indictment for trying to rig lease prices, should have sounded the death knell for the company, because McClendon was its brains as well as its heart.It was McClendon who made fracking pay early in the decade, working an eastern Pennsylvania formation called the "Marcellus Shale" and bringing up a wealth of natural gas that still means the eastern seaboard is energy independent. But there was too much of a good thing, prices crashed, and the debt used to acquire leases became an unmanageable burden after 2014.Since then Chesapeake has become what I call the "Flying Dutchman" of the oil patch, going from play to play, trading Ohio for Texas, then Texas for Wyoming, always finding a combination of oil, gas and natural gas liquids but doing little more than paying off bondholders.The company always has another story to tell and it always looks promising, but that promise is always a year or two away. The company trades on its name and on its legend, but its results always come up short.Chesapeake is next expected to report earnings Feb. 27, with 16 cents per share expected. Multiply that by four, divide by the stock price and this looks like a winner. But the earnings aren't reliable, they've regularly been followed by losses, and you're not going to see a dividend. Bonds and Chesapeake Energy StockChesapeake has become a company run for its bondholders. Chesapeake managed to sell $1.25 billion more in debt last year, just before the latest crash in oil prices. Why did people buy? Probably because, while Chesapeake hasn't delivered any return to shareholders in years, it has been good for its debt service, and these bonds were priced at 7.5%.The company's 2021 debt is currently rated at B3, well into the junk category, but speculators are finding profits in a thinly-traded market. Buy them on pessimism, sell on optimism, and a savvy investor can find a capital gain as well as a handsome return.But it's going to take nerves of steel, your timing must be exquisite, and information on the market is going to cost you money. Personally, I prefer the Indian casino to betting on Chesapeake Energy stock.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Chesapeake Energy Stock Can't Outrun Its Bad Decisions Forever appeared first on InvestorPlace.

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  • Earnings Preview: Chesapeake Energy (CHK) Q4 Earnings Expected to Decline
    Zacks2 days ago

    Earnings Preview: Chesapeake Energy (CHK) Q4 Earnings Expected to Decline

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  • Will US Crude Oil Move above Its 100-Day Moving Average?
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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 Newswire9 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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  • Why ‘Sell’ Recommendations Are Rising for Chesapeake Energy
    Market Realist10 days ago

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  • Where Chesapeake Energy Might Trade in February
    Market Realist10 days ago

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  • Chesapeake Energy (CHK) Outpaces Stock Market Gains: What You Should Know
    Zacks11 days ago

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    In the latest trading session, Chesapeake Energy (CHK) closed at $2.40, marking a +0.42% move from the previous day.

  • Upstream Stocks Led the Declines in the Energy Sector
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