|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||21.70 - 22.83|
|52 Week Range||15.25 - 29.67|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.00|
Chesapeake Energy (NYSE:CHK) is building a monopoly. The rationale behind the argument is that Chesapeake is undergoing a massive transformation under CEO Doug Lawler that sees it operating in five of the country’s primary energy basins in Pennsylvania, Texas, Oklahoma, Louisiana, and South Dakota. Proof of that, the author suggests, is Chesapeake Energy’s nearly $4 billion acquisition of WildHorse Resource Development (NYSE:WRD), which gives WildHorse shareholders either 5.989 shares of CHK stock per WildHorse share or 5.336 shares and $3 cash.
NEW YORK, Nov. 07, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Red Hat, Inc., Electro.
WildHorse Resource Development Corporation announced today its operating and financial results for the three months ended September 30, 2018. Highlights from the quarte
For instance, in 2016, Chesapeake Energy stock moved up a whopping 58%, providing hope that a recovery was imminent. This year, shares regained momentum dramatically during the spring, only to have the broader market meltdown get in its way. Since Oct. 30, CHK stock has gained nearly 16%.
NEW ORLEANS , Nov. 5, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...
Since Oct. 28, three multibillion-dollar deals to acquire Houston-based energy companies have been announced. Additionally, at least three Houston-based companies have announced deals or plans to sell energy assets totaling nearly $2 billion.
NEW YORK, NY / ACCESSWIRE / November 2, 2018 / WeissLawLLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of WildHorse Resource Development Corp. ...
Shares of Chesapeake Energy Corp. rallied 2% in premarket trade Thursday, extending the previous session's 7.3% bounce off a 5 1/2-month low, after Raymond James swung to bullish from bearish on the oil and gas production company, citing optimism over the "transformative" acquisition of WildHorse Resource Development Corp. in a $4 billion deal. Analyst John Freeman raised his rating two notches to outperform from underperform and set a stock price target of $5, which is 42% above Wednesday's closing price. "Not only does the transaction solve multiple issues (need to de-lever, increasing oil cut, future growth inventory), we think Chesapeake was able to acquire an attractive early stage operator at a rock-bottom price," Freeman wrote in a note to clients. After the deal was announced early Tuesday, along with third-quarter earnings, the stock had plunged 12% that day to close at the lowest level since May 9, until Wednesday's bounce. The stock has dropped 21% over the past three months through Wednesday, while the SPDR Energy Select Sector ETF has lost 12% and the S&P 500 has declined 3.6%.
WildHorse Resource Development Corporation today announced that the Board of Directors has declared an aggregate quarterly dividend of $6.756 million or $15.53 per share on its 435,000 shares of 6.0% Series A Perpetual Convertible Preferred Stock.
Do you own shares of WildHorse Resource Development Corporation (NYSE: WRD)? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of WildHorse Resource Development Corporation (“WildHorse” or the “Company”) (NYSE: WRD) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Chesapeake Energy Corporation (“Chesapeake”) (NYSE: CHK) in a transaction valued at approximately $3.977 billion.
Moody's Investors Service ("Moody's") upgraded Chesapeake Energy Corporation's (Chesapeake) Corporate Family Rating (CFR) to B2 from B3 and its senior unsecured notes rating to B3 from Caa1. The company's Speculative Grade Liquidity Rating was affirmed at SGL-3.
NEW YORK, Oct. 30, 2018 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of WildHorse Resource Development Corporation (NYSE:.
Under terms of the deal, WildHorse owners can trade each of their shares in the company for either 5.989 shares of Chesapeake stock or a combination of 5.336 shares of Chesapeake stock and $3 in cash, the companies said in a statement Tuesday. Under deal terms, Chesapeake will assume the value of Wildhorse’s net debt of $930 million. WildHorse has operations in the Eagle Ford and Austin Chalk oil and gas resources in southeast Texas.
Denbury Resources (DNR.N), Concho Resources (CXO.N) and Diamondback Energy (FANG.O) each fell after disclosing acquisitions this year. WildHorse shareholders will get either 5.989 shares of Chesapeake common stock, or a combination of 5.336 shares of Chesapeake stock and $3 in cash, for each share held, under terms of the agreement. The offer implies a 21 percent premium to WildHorse's closing price on Monday, while the stock-and-cash option represents a 24 percent premium.
NEW YORK , Oct. 30, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against WildHorse Resource Development Corporation ("WildHorse;" NYSE: WRD) and its board of directors ...
said Tuesday, Oct. 30, it will acquire peer WildHorse Resource Development Corp. Oklahoma City-based Chesapeake Energy said it will exchange either 5.989 of its common shares, or a combination of 5.336 shares of its common shares and $3 in cash, in exchange for each common share of WildHorse. The company will also assume WildHorse's $930 million in net debt, giving the deal a total enterprise value of almost $4 billion.
NEW YORK, Oct. 30, 2018 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased WildHorse Resource Development.
The Houston company went public less than two years ago and has since become one of the top companies in the Eagle Ford Shale.
Chesapeake Energy Corp. said Tuesday it had net income of $60 million, or 7 cents a share, in the third quarter, after a loss of $41 million, or 5 cents a share, in the year-earlier period. Adjusted per-share earnings came to 19 cents, ahead of the FactSet consensus of 15 cents. Revenue rose to $2.418 billion from $1.943 billion, also ahead of the FactSet consensus of $2.344 billion. "We plan to focus the vast majority of our projected 2019 activity on our high-margin, higher-return oil opportunities in the PRB and Eagle Ford Shale, while decreasing capital and activity directed toward our natural gas portfolio, which will generate additional free cash flow," CEO Doug Lawler said in a statement. "Our capital expenditures for 2018 remain on track, as we execute on our priorities of reducing leverage, increasing margins and reaching sustainable positive cash flow, and we expect continued progress in 2019." The company announced earnings as it also unveiled the acquisition of WildHorse Resource Development Corp. in a deal valued at about $4 billion. Shares fell 7.3% premarket and have fallen 6.1% in 2018 through Monday, while the S&P 500 has fallen 2.1%.
Oil and gas producer Chesapeake Energy Corp is buying smaller firm WildHorse Resource Development Corp in a deal valued at nearly $4 billion, it said on Tuesday, as it looks to strengthen its operations ...
Chesapeake Energy Corporation said Tuesday it has reached agreement to acquire WildHorse Resource Development Corp. in a cash and stock deal valued at about $3.977 billion. Under the terms of the deal, WildHorse shares will receive 5.989 Chesapeake shares or a combination of 5.336 shares plus $3 in cash, for each WildHorse share owned. The deal is expected to close in the first half of 2019. "This transaction accelerates Chesapeake's strategic plan and expands the value-creation opportunities for our shareholders by adding a premier asset at an attractive valuation, significantly boosting oil production, EBITDA margins and cash flow growth, while improving our leverage metrics," Chesapeake Chief Executive Doug Lawler said in a statement. The deal will add about 420,000 high margin net acres to the company's oil growth platform and is expected to generate $200 million to $280 million in annual savings. The energy company will finance the cash part of the deal of $275 million to $400 million through a revolving credit facility. Chesapeake shares fell 7.5% premarket, while WildHorse shares were up 15%.
OKLAHOMA CITY and HOUSTON, Oct. 30, 2018 /PRNewswire/ -- Chesapeake Energy Corporation (CHK) and WildHorse Resource Development Corporation (WRD) today jointly announced that Chesapeake has entered into a definitive agreement to acquire WildHorse, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3.977 billion, based on yesterday's closing price, including the value of WildHorse's net debt of $930 million as of June 30, 2018. At the election of each WildHorse common shareholder, the consideration will consist of either 5.989 shares of Chesapeake common stock or a combination of 5.336 shares of Chesapeake common stock and $3 in cash, in exchange for each share of WildHorse common stock.
The top driller in the eastern end of the Eagle Ford Shale has increased its borrowing base to $1.3 billion.