|Bid||4.63 x 39400|
|Ask||4.64 x 29200|
|Day's Range||4.55 - 4.80|
|52 Week Range||2.53 - 5.60|
|Beta (3Y Monthly)||2.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.68|
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...
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.
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%.
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.
NEW YORK, NY / ACCESSWIRE / October 9, 2018 / U.S. equities were mixed on Monday with the Dow Jones finishing in the green, but broader market gains were lagged due to worries over sharp increase in interest ...
On October 2, the natural gas futures for November closed at a premium of ~$0.4 to the November 2019 futures. On September 25, the futures spread was at a premium of $0.34. On September 25–October 2, natural gas November futures rose 3.5%.
Chesapeake Energy (CHK) saw a rating downgrade at Suntrust Robinson last week. Suntrust Robinson lowered Chesapeake Energy to “hold” from “buy” and reduced the target price to $5 from $6. Now, 58.3% of the analysts surveyed by Reuters rate Chesapeake Energy as a “hold,” 33.3% rate it as a “sell,” and 8.4% rate it as a “buy.” Currently, Chesapeake Energy is trading above its average target price of $4.5.
Southwestern Energy (SWN), a natural gas–weighted exploration and production company focused in the Appalachian Basin, was the weakest upstream stock in the week ending September 28. Southwestern Energy fell 10.8% last week. The company’s decline despite gains in natural gas prices could be attributed to a target price cut by Morgan Stanley. Morgan Stanley lowered Southwestern Energy’s target price to $3 from $6.
On September 21–28, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 1% and 1.6%, respectively. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track the Bloomberg Natural Gas Subindex.
At 2.768 trillion cubic feet, current natural gas inventories are 18.3% under the five-year average and 20% below the year-ago figure.
On September 27, natural gas’s implied volatility was 28.3%, which was ~17.9% above its 15-day moving average and the highest level since February 23. In the trailing week, natural gas’s implied volatility rose 10.5%. Natural gas November futures rose 3.1% during the same period. Since June, these two metrics have been moving in tandem.
Debt from the energy companies that triggered a junk-bond rout three years ago is surging back on a rally in oil and natural gas prices. The oil patch accounted for about 29% of all high-yield bonds sold so far this year, and energy sector debt has outperformed debt in other industries. Case in point, Chesapeake Energy issued $1.25 billion of new bonds on Wednesday to refinance more expensive debt it had borrowed in 2016, and credit ratings firm Moody’s Investors Service said it would likely upgrade the company’s rating to single-B from triple-C. The new bonds were the most actively traded corporate bonds in the U.S. with $375 million changing hands, according to MarketAxess.
On September 25, the natural gas futures for November closed at a premium of ~$0.35 to their November 2019 futures. On September 18, the futures spread was at a premium of $0.20. On September 18–25, natural gas November futures rose 5.6%.