CHK - Chesapeake Energy Corporation

NYSE - NYSE Delayed Price. Currency in USD
1.2900
-0.0200 (-1.53%)
At close: 4:00PM EDT
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Previous Close1.3100
Open1.2900
Bid1.2900 x 396000
Ask1.3000 x 300400
Day's Range1.2800 - 1.3200
52 Week Range1.2600 - 4.7600
Volume34,840,208
Avg. Volume55,629,587
Market Cap2.52B
Beta (3Y Monthly)2.57
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov. 5, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-04-13
1y Target Est1.82
Trade prices are not sourced from all markets
  • EIA Inventory Data: Will Natural Gas Decline Further?
    Market Realist

    EIA Inventory Data: Will Natural Gas Decline Further?

    EIA inventory data showed a buildup of 104 Bcf (billion cubic feet) in natural gas inventories. The EIA reported the natural gas inventory on October 17.

  • EIA Inventory Data: Oil Could Decline in the Next Week
    Market Realist

    EIA Inventory Data: Oil Could Decline in the Next Week

    On October 17, the EIA released its inventory data. US crude oil inventories rose by 9.3 MMbbls—far above the Reuters poll for a rise of 2.88 MMbbls.

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

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

    Chesapeake Energy (CHK) closed the most recent trading day at $1.34, making no change from the previous trading session.

  • Why Natural Gas Prices Might Crash in Winter
    Market Realist

    Why Natural Gas Prices Might Crash in Winter

    On October 11, natural gas prices fell just 0.2% and settled at $2.214 per MMBtu (million British thermal units). However, the UNG rose 0.8%.

  • Investing.com

    Stocks - U.S. Futures Jump on Trade Hope

    Investing.com - U.S. futures jumped on Friday after positive comments from U.S. President Donald Trump on trade talks helped boost sentiment.

  • Chesapeake Energy (CHK) Stock Sinks As Market Gains: What You Should Know
    Zacks

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

    In the latest trading session, Chesapeake Energy (CHK) closed at $1.27, marking a -0.78% move from the previous day.

  • How Trump’s Withdrawal from Syria Could Drag on Oil
    Market Realist

    How Trump’s Withdrawal from Syria Could Drag on Oil

    On October 6, in a surprise move, President Donald Trump decided to withdraw all US troops from northern Syria. What does this mean for oil?

  • Bridgewater Exited Chesapeake: Should You?
    Market Realist

    Bridgewater Exited Chesapeake: Should You?

    In the third quarter of fiscal 2017, Bridgewater Associates sold all its stake in Chesapeake Energy (CHK). In Q3 2016, the stock fell by 31.4%.

  • Why Are Natural Gas Prices Ignoring EIA Data?
    Market Realist

    Why Are Natural Gas Prices Ignoring EIA Data?

    Today, natural gas prices rose 0.6%. The EIA reported last week's natural gas inventory data—a rise of 112 Bcf against the expected 105 Bcf.

  • Chesapeake Energy (CHK) Stock Moves -0.75%: What You Should Know
    Zacks

    Chesapeake Energy (CHK) Stock Moves -0.75%: What You Should Know

    In the latest trading session, Chesapeake Energy (CHK) closed at $1.32, marking a -0.75% move from the previous day.

  • Chesapeake Energy: Recommendations, Moving Averages
    Market Realist

    Chesapeake Energy: Recommendations, Moving Averages

    Of the 25 analysts tracking Chesapeake Energy (CHK), only three recommended a "buy" on the stock and 40% have a "sell" recommendation.

  • Natural Gas Prices: What Could Impact Next Week?
    Market Realist

    Natural Gas Prices: What Could Impact Next Week?

    On September 27, natural gas prices declined 1% and settled at $2.40 per MMBtu. The United States Natural Gas Fund LP (UNG) fell 2% on the same day.

  • Could US Missiles Lift Crude Oil Prices Next Week?
    Market Realist

    Could US Missiles Lift Crude Oil Prices Next Week?

    On Thursday, the Pentagon announced the defensive deployment of Patriot missiles in Saudi Arabia. That day, US crude oil fell 0.1% to $56.41 per barrel.

  • Implied Volatility Surging for Chesapeake (CHK) Stock Options
    Zacks

    Implied Volatility Surging for Chesapeake (CHK) Stock Options

    Investors need to pay close attention to Chesapeake (CHK) stock based on the movements in the options market lately.

  • Crude Oil Futures: Iran versus the West
    Market Realist

    Crude Oil Futures: Iran versus the West

    Today at 7:51 AM ET, US or WTI crude oil futures fell 0.9%. There are renewed concerns about a global slowdown due to trade war uncertainty.

  • Houthis Peace Initiative Will Hit US Crude Oil Prices
    Market Realist

    Houthis Peace Initiative Will Hit US Crude Oil Prices

    In the week that ended on September 20, US crude oil prices rose 5.9%. On September 14, drones attack crippled Saudi Arabia oil production by 50%.

  • Introducing Chesapeake Energy (NYSE:CHK), The Stock That Tanked 93%
    Simply Wall St.

    Introducing Chesapeake Energy (NYSE:CHK), The Stock That Tanked 93%

    Long term investing works well, but it doesn't always work for each individual stock. We don't wish catastrophic...

  • How Saudi Crude Attack Could Push Natural Gas Prices
    Market Realist

    How Saudi Crude Attack Could Push Natural Gas Prices

    Today, the EIA plans to report natural gas inventories for the week ended September 13. A negative inventories spread could support natural gas prices.

  • What Stopped Crude Oil Prices’ Upside Today?
    Market Realist

    What Stopped Crude Oil Prices’ Upside Today?

    Today at 12:44 PM ET, US crude oil prices declined 4.1%. News reports indicate that Saudi Arabia plans to restore its oil production by early October.

  • Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More
    Zacks

    Oil & Gas Stock Roundup: Energy Transfer's Acquisition, ExxonMobil's Guyana Oil Find & More

    Midstream biggie Energy Transfer (ET) said on Monday it would buy SemGroup (SEMG) for $5.1 billion. Meanwhile, supermajor ExxonMobil (XOM) confirmed its 14th oil discovery off the coast of Guyana.

  • Attack on Saudi Oil Plant Sends Oil Prices Soaring
    Zacks

    Attack on Saudi Oil Plant Sends Oil Prices Soaring

    Attack on Saudi Oil Plant Sends Oil Prices Soaring

  • Saudi Attacks Aren't Bullish for One Energy Market
    Bloomberg

    Saudi Attacks Aren't Bullish for One Energy Market

    (Bloomberg Opinion) -- There’s one energy market that won’t feast on renewed fear of conflict in the Middle East. The windfall accruing to oil producers after the weekend’s attacks in Saudi Arabia is a bad sign for U.S. natural gas.Far from scrambling for supplies, production of freedom molecules just hit a new record. Ordinarily, that would be cause for celebration. And it is for customers. Producers, meanwhile, are drowning in the stuff – or, rather, burning it off. Flaring of natural gas, when producers burn the excess that they can’t use or sell, is also hitting records. Preliminary data from Rystad Energy show producers in the Permian shale basin flared more than 800 million cubic feet per day in June. On a trailing 12-month basis, they burned off almost enough to supply the entirety of Texas residential gas demand.This is why even though the benchmark Nymex gas futures price has risen almost 30% over the past five weeks, it still trades below $2.70 per million BTU. Average swaps for 2020 are back merely to where they stood in mid-July.We’re dealing with a broken market here, and the re-emergence of oil’s geopolitical premium exacerbates that.This is because a significant portion of the growth in U.S. gas supply is effectively de-linked from the price. So much gas is being flared in the Permian basin because it’s a mere by-product of oil output. Associated gas comes out of the ground alongside oil. Producers care more about the latter, since it’s worth much more and easier to transport (oil can be trucked out if need be; not so with gas).That means gas prices can fall very low and still not persuade frackers to ease off. How low? Speaking at a forum organized last week by the Center for Strategic and International Studies, Rusty Braziel of RBN Energy estimated that if oil is trading at $55 a barrel, a typical Permian well could break even with gas priced as low as negative $4. That’s right, they could pay customers to take the gas and still do OK – which happened in West Texas already this year.As it is, after the Saudi attacks, West Texas Intermediate crude is trading back above $60. At $65, Braziel estimates the breakeven gas price would be negative $8.The renewed geopolitical premium in oil is like a windfall for U.S. frackers, adding dollars to the price they get and displacing competing supply from the market. It’s no accident that the strongest-performing E&P stocks on Monday morning are walking wounded such as Whiting Petroleum Corp. and California Resources Corp. Chesapeake Energy Corp., a company that exemplifies the shale-gas boom and bust, is up more than 10% as I write this.Besides adding to earnings, higher futures prices offer producers a chance to lock in revenue for next year via hedging. As of now, 2020 swaps are up by less than $3 a barrel, to just over $55, reflecting the concentration of fear in the near end of the curve. But if Saudi Arabia takes longer to fully restore output or, more ominously, we enter a cycle of retaliation and escalation, then that fear would spread further out. Anything that encourages more rather than less fracking adds to the glut weighing on gas prices.In theory, even if pricing isn’t affecting gas production, all that flaring should ultimately cause another mechanism to kick in and limit supply. Flaring requires waivers from the Railroad Commission of Texas, which regulates the state’s oil and gas industry. And the fact that a swathe of the state is now lit up like a Christmas tree most nights suggests some sort of limit ought to be near.Hopefully you’re sitting down when I tell you the Railroad Commission seems to be just fine with all that potentially salable fuel (and greenhouse gas) just being vented or burned off into the atmosphere. Remarkably, they ruled in a recent case in favor of a producer who wanted to flare gas even though its wells were connected to pipelines that could have taken it away. This was a function of cost, not physical necessity.Such actions could ultimately prove harmful to the industry, and not just in terms of provoking an environmental backlash. Gabriel Collins of Rice University’s Baker Institute points out that if pipeline operators must now contend with the possibility that producers can just flare even if pipelines are there, then those operators may demand more-stringent contract terms or just think twice about building new capacity at all. If we are entering a prolonged period of upheaval in the global oil market, however, then what is the likelihood regulators in a state exemplifying U.S. energy dominance will choose now to take a more restrictive approach? Yet, absent that, as Collins says, “ultimately, you’re putting all the optionality in the hands of the producers.” And those peculiarly Texan torches and that moribund gas market tell you exactly what producers like to do best.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Oil Prices Zoom on Saudi Oil Attack, Plus Empire & Purdue
    Zacks

    Oil Prices Zoom on Saudi Oil Attack, Plus Empire & Purdue

    Nearly 50% of Saudi oil production knocked out in what is already considered the single-worst hit on global oil supply in history.

  • Where Oil Could Head after Attacks on Saudi Arabia
    Market Realist

    Where Oil Could Head after Attacks on Saudi Arabia

    On September 14, drones attacked Saudi Arabia Aramco's oil-infrastructure. Saudi Arabia's oil production has fallen by 50%.