- Chesapeake Energy Corporation stock price today and history
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Chesapeake Energy Corporation stock price, CHK
Chesapeake Energy Corporation stock chart:
Chesapeake Energy Corporation close price: 5.63
Stock price forecast:
DOWN TO -0.18%
Total forecasts: 90
Reached: 9 (10.00%)
Total Win: 3.32 (62.67%)
Showing 1-10 of 619 items.
|Date of Forecast||Stock Price||Target Price||Forecast Reached Date|
Chesapeake Energy Corporation latest news:
Chesapeake Energy's stock sinks after Macquarie turns bearish
Shares of Chesapeake Energy Corp. sank 5.4% toward an 11-month low in midday trade Wednesday, after Macquarie Research turned bearish on the oil and gas explorer, citing concerns that the company is ill-equipped to deal with another drop in oil prices. Analyst Paul Grigel downgraded the stock to a rare underperform rating from neutral and slashed his stock price target to $3.50, which is 25% below current levels, from $6.00. Only 5.8% of the U.S. companies covered by Macquarie are rated underperform. Grigel said the lower outlook for crude prices pressures Chesapeake's fundamentals given the company's recent efforts to increase its oil exposure over natural gas. "While the company has made strides in repositioning itself, it simply isn't far enough along to sustainably compete in a lower-for-longer crude world," Grigel wrote in a research note. Continuous crude oil futures tumbled 1.6% toward a 10 1/2-month low, and have now plunged more than 21% from the February peak. And although the company has been selling assets to pay down its high debt load, Grigel said he is still estimates a "material outspend on high leverage with concerns around liquidity." The stock has plummeted 34% year to date, while the SPDR Energy Select Sector ETF has shed 15% and the S&P 500 has gained 8.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Energy sectors shares walloped as oil falls below $50 a barrel
Energy stocks fell Thursday as the price of oil dropped below $50 a barrel on disappointment concerning agreed production cuts from the Organization of the Petroleum Exporting Countries. Oil prices dropped 3.8%, below their 50-day moving average, following the OPEC agreement. The energy sector was the worst performing of the S&P 500 index's 11 major sectors, falling 1.2%. Hardest hit among energy names were shares of Transocean Ltd. , which fell 5.8%. Shares of Marathon Oil Corp. , Chesapeake Energy Corp. , National Oilwell Varco Inc. , Helmerich & Payne Inc. , and TechnipFMC PLC all fell 4% or more. Among the larger players, shares of ConocoPhillips fell 3.1%, while shares of Chevron Corp. declined 0.7% and Exxon Mobil Corp. slid 0.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Chesapeake Energy Corp announces pricing of private placement of $750 mln of senior notes
* Chesapeake energy corporation announces pricing of private
placement of $750,000,000 of senior notes
Energy stocks on pace for biggest daily jump in months as oil rebounds
A popular way to bet on energy stocks on Wednesday was on track to see its best one-day climb in two months, as crude-oil prices jumped following an upbeat U.S. inventory report. The exchange-traded Energy Select Sector SPDR ETF was up 1.7% in recent trade, marking its best daily rise since March 15, with U.S. crude-oil prices up 3.1% in late-morning trade after data from the U.S. Energy Information Administration released on Wednesday showed that domestic-crude supplies dropped by 5.2 million barrels for the week ended May 5. Markets have been dogged by concerns about oversupply in the oil industry, which has weighed on investor sentiment and caused a steady retreat in oil prices. A 6% climb in shares of Chesapeake Energy Corp. led the exchange-traded fund's components. The ETF, which tries to mimic moves in the S&P 500's energy sector was the best performer among the S&P 500's 11 sectors. Another popular oil fund, United States Oil Fund LP , was on track for its best daily gain since Jan. 11. Still, stocks were under pressure, with the S&P 500 index trading flat at 2,395, the Dow Jones Industrial Average 0.1% lower at 20,945, led by blue-chip components Chevron Corp. and Caterpillar Inc. . The technology-laden Nasdaq Composite Index was off 0.2% at 6,109, following Tuesday's record close. U.S. equity markets were in downdraft in the wake of President Donald Trump's late-Tuesday firing of Federal Bureau of Investigation Director James Comey, which rattled Washington and has cast some doubt on the president's ability to get market-friendly legislation implemented. Oil's recent climb has helped to mitigate some of that early selling pressure. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Chesapeake Energy's stock plunges after production miss and oil price selloff
Chesapeake Energy Corp.'s stock plunged 9.8% in active midday trade Thursday, as disappointing production data and a sharp selloff in oil prices to nine-month lows unnerved investors. Volume of 59.3 million shares already exceeded the full-day average of 41.2 million shares. The stock had initially rallied as much as 5.1% in premarket trade, after the oil and natural gas company beat first-quarter profit expectations. RBC Capital analyst Scott Hanold said that while first-quarter average daily production of 528,000 barrels of oil equivalent was in line with the company's guidance, it was below consensus expectations, which FactSet said was about 536,000 BOE. Separately, June crude oil futures tumbled 4.1% to the lowest levels seen since August after data showing U.S. output rose and inventories declined more than expected and amid expectations that Libyan production will recover. Chesapeake's stock has plummeted 29% year to date, while the SPDR Energy Select Sector ETF has lost 13% and the S&P 500 has gained 6.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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