2.2200 +0.03 (1.37%)
After hours: 6:36PM EDT
|Bid||2.2000 x 3100|
|Ask||2.2100 x 1300|
|Day's Range||2.1900 - 2.3400|
|52 Week Range||1.7100 - 5.6000|
|Beta (3Y Monthly)||2.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.07|
Natural Gas: Dullest May Month since 2014(Continued from Prior Part)Inventories spreadIn the week ending May 10, the inventories spread was -14.7%. During this period, the inventories spread contracted by ~1.7 percentage points compared to the
Oklahoma City-based Devon Energy Corp. (NYSE: DVN) is seeking permission to drill six new wells in DeWitt County. The publicly traded energy company operates in several of the most prolific oil and natural gas plays in the U.S., including the Eagle Ford. Five are on Devon Energy's East Butler leases, and the sixth is on its Ciaccio lease.
How Brent-WTI Spread Is Affecting Oil Exports and Energy Stocks(Continued from Prior Part)Brent-WTI spread and downstream stocksAny expansion in the Brent-WTI spread could benefit US refineries and cause their input costs to fall. US refiners’
At 1.653 trillion cubic feet, natural gas inventories are 14.7% under the five-year average but 8.5% above the year-ago figure.
Has Natural Gas Maintained Its Recovery?(Continued from Prior Part)Inventories spreadIn the week ending May 3, the inventories spread was -16.4%. During this period, the inventories spread contracted by ~1.4 percentage points compared to the
Investment company G.F.W. Energy XI, L.P. buys Chesapeake Energy Corp, sells WildHorse Resource Development Corp during the 3-months ended 2019Q1, according to the most recent filings of the investment ...
Has Natural Gas Maintained Its Recovery?Natural gas pricesOn May 15, natural gas June futures fell 2.2% and settled at $2.60 per MMBtu (million British thermal units)—4.4% above the lowest closing level for active natural gas futures since June 6,
It may seem like the outlook of Chesapeake Energy (NYSE:CHK) stock is becoming more favorable. Oil prices are higher, the early returns from CHK's recent acquisition are solid, and its last couple of quarterly results have looked decent at worst.Source: Chesapeake EnergyBut all that has done little for CHK stock, which continues to trend in the wrong direction.The recent fade of CHK stock only adds to the long-held frustrations of the owners of CHK. Chesapeake Energy stock has looked attractive for most of the last three years; I've recommended it myself on several occasions, while also highlighting the many risks posed by CHK stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Retirement Stocks That Won't Wilt in a Bear Market And Chesapeake Energy stock has made gains from time to time, climbing from $3 to $5+ last year, and doubling off its late December lows in the first part of 2019.Once again, however, CHK stock hasn't been able to hold its gains. And it's worth wondering when, if ever, that will change. The Case for Chesapeake Energy StockIn mid-2014, the shale bubble started to burst, and CHK stock was hammered. It was valued at $30 in mid-2014; in less than two years, CHK traded below $2 as bankruptcy rumors swirled.Since then, debt has been a big part of the contentions on Chesapeake Energy stock, by both sides. Bears and skeptics argue that CHK is one more oil price downturn away from bankruptcy fears returning. But in any case, the debt continues to weigh on the company and on CHK stock, limiting its ability to be as aggressive as it would like to be.For bulls, particularly from a valuation standpoint, the debt is a plus. CHK has a market cap of about $4 billion, which combined with that $10 billion in debt gives it an enterprise value of $14 billion. If one values Chesapeake's business at $1.4 billion, the value of CHK stock would jump 35% to $5.4 billion.So, fundamentally, the volatility of CHK stock makes some sense. And the recent downturn to $2.44 makes Chesapeake Energy stock more attractive, at least on paper. Another debt refinancing has pushed out maturities, giving the company breathing room. CHK continues to shift toward higher oil production, away from its legacy focus on natural gas, even as optimism toward U.S. shale oil is rising.CHK's acquisition of Wildhorse Resource Development seems to be a solid move, as I wrote when the deal was announced. It provides a larger asset base to back the debt - and more earnings to pay it off. And the company has shifted capital expenditure dollars to the Powder River Basin, where its acreage is performing exceedingly well at the moment.It seems like Chesapeake Energy itself is making progress. Yet Chesapeake Energy stock, save for the December bounce, isn't. Is This Time Different for CHK Stock?There are two broad issues at play when it comes to CHK stock. The first is that even with the recent bounce in oil prices, exploration and production stocks aren't doing all that well. Chesapeake Energy stock has lost about 28% of its value over the past year; but that performance is about average for its sector . Oil prices have fallen over that stretch, weighing on the sector's stocks.The second is that investors' patience with CHK stock likely is running out. Every Chesapeake earnings report seems to highlight CHK's potential. But its results simply haven't improved.Chesapeake has been targeting positive free cash flow for years, but it hasn't achieved that goal and probably won't this year. CHK has predicted that its adjusted EBITDAX (earnings before interest, taxes, depreciation, amortization, and exploration expense) will come in at $2.55 billion-$2.75 billion. But its interest expense of $500 million-plus and its expected capital expenditures of $2.1-$2.3 billion more than offset that.Chesapeake has been promising to pay down its debt for years. At the end of 2015, its long-term debt was $10.35 billion. CHK's debt is now nearly $10 billion, thanks to debt it assumed as part of the Wildhorse deal.The problem with the company's fundamentals, and with CHK stock, is that on paper, there's reason for optimism, but in practice, that optimism never seems to last. The Bottom Line on CHK StockSo what should investors do with Chesapeake Energy stock,? That's a tough question.On paper, bulls' contentions make some sense. And one thing CHK stock has proven is that it can bounce, even if those bounces soon fade. Certainly, nimble traders likely have done well with CHK, and that may be the case going forward as well.For investors, however, the decision is a little tougher. The acquisition of Anadarko Petroleum (NYSE:APC) by Occidental Petroleum (NYSE:OXY) could lead to more M&A activity in U.S. shale. But Chesapeake, given its huge levels of debt, probably won't become a takeover target.Even with Chevron (NYSE:CVX) likely on the prowl after losing out on Anadarko, and majors like Exxon Mobil (NYSE:XOM) potentially looking for shale assets, there are reasons for them to pass on CHK, at least in the near-term. And with the sector's stock prices still down over the past year, there are other, less-indebted, names that might be worth considering.I'm personally not ready to abandon my long-term bullishness on CHK stock just yet. But at a certain point, it's too difficult to keep fighting the tape. CHK stock has become a "show me" stock at this point, and other stocks seem to be better choices right now.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post What Will It Take to Finally Move Chesapeake Energy Stock Higher? appeared first on InvestorPlace.
Chesapeake's Fall: Why Investors Should Watch the Stock CloselyChesapeake Energy nearing 2019 lowOn May 13, Chesapeake Energy (CHK) stock closed at $2.40, 12.7% above its lowest closing price of 2019. Although stock prices rebounded after
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Investment company Carlyle Group L.P. buys Chesapeake Energy Corp, sells Golden Ocean Group during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Carlyle Group ...
Chesapeake Energy's (CHK) first-quarter 2019 earnings are affected by lower production volumes and a decline in natural gas prices.
Chesapeake Energy Stock Rebounded despite Earnings MissChesapeake Energy stock reboundedOn May 8, Chesapeake Energy (CHK) reported its first-quarter earnings results. The company reported an adjusted net loss of $0.02 per share—compared to an
Chesapeake has been moving money from its Marcellus Shale and Mid-Continent areas to the oil-rich Powder River Basin, which hit a record of 42,000 barrels of oil equivalent per day (boepd) in May. "Given recent optimism around the PRB (Powder River Basin) and a continued desire to shift towards more oily opportunities, this move is not surprising," Raymond James analysts wrote in a note. Oil companies have been looking to buy into the Powder River Basin, where pipelines are not congested and land is cheaper than the Permian Basin of Texas and New Mexico.
bounced back from premarket losses Wednesday to advance into positive territory, climbing 1.8% to $2.82 after reporting its first quarter earnings. Revenue totaled $2.2 billion, down from $2.52 billion a year ago and missed Wall Street's forecast of $2.36 billion. SunTrust Robinson Humphrey analyst Neal Dingmann said in a note to investors that Chesapeake's results beat Wall Street's projections of earnings before interest, taxes, depreciation and amortization (EBITDA) as production prices came in above forecasts.
Chesapeake Energy earnings for the first quarter of 2019 have CHK stock heading higher on Wednesday.Chesapeake Energy (NYSE:CHK) reported earnings per share of 14 cents for the first quarter of the year. This is down from its earnings per share of 34 cents from the first quarter of 2018. However, it was good news for CHK stock by matching Wall Street's earnings per share estimate for the period.Net loss reported in the Chesapeake Energy earnings release for the first quarter of 2019 comes in at $21 million. This is worse than the company's net income of $18 million reported during the same time last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Chesapeake Energy earnings report for the first quarter of the year also includes an operating loss of $182 million. That's a drop from the company's operating income of $42 million reported in the first quarter of the previous year.Chesapeake Energy earnings for the first quarter of 2019 have revenue coming in at $2.20 billion. This is a decrease from the company's revenue of $2.52 billion from the same period of the year prior. It also comes in below analysts' revenue estimate of $2.35 billion for the quarter, but that wasn't keeping CHK stock down today. * 10 Great Stocks to Buy on Dips It's also worth noting that Chesapeake Energy saw average daily production for the first quarter of the year come in at 484,000 barrels of oil equivalent. Average daily production for the first quarter of 2018 was 554,000 barrels of oil equivalent.CHK stock was up 1% as of Wednesday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Stocks to Buy on Dips * 6 Growth Stocks to Buy for the Rest of 2019 * 4 Mega-Cap Stocks to Sell Before They Melt Down As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Chesapeake Energy Earnings: CHK Stock Ticks Higher Despite Q1 Miss appeared first on InvestorPlace.
Are Natural Gas Moves Slowing?(Continued from Prior Part)Inventories spreadIn the week ending April 26, the inventories spread was -17.8%. During this period, the inventories spread contracted by ~3.8 percentage points compared to the previous week.
Chesapeake Energy's Q1 Earnings Disappoint InvestorsChesapeake’s earningsOn May 8, Chesapeake Energy (CHK) reported an adjusted net loss of $0.02 per share for the first quarter of 2019 compared to earnings of $0.21 per share in the previous