Chesapeake Energy Corporation (CHK)

NASDAQ: CHK · IEX Real-Time Price · USD
88.83
+1.10 (1.25%)
At close: Mar 28, 2024, 4:00 PM
89.41
+0.58 (0.65%)
After-hours: Mar 28, 2024, 7:56 PM EDT
1.25%
Market Cap 11.47B
Revenue (ttm) 8.72B
Net Income (ttm) 2.42B
Shares Out 130.79M
EPS (ttm) 16.92
PE Ratio 5.25
Forward PE 27.01
Dividend $2.30 (2.59%)
Ex-Dividend Date Mar 6, 2024
Volume 1,962,591
Open 88.01
Previous Close 87.73
Day's Range 87.78 - 89.12
52-Week Range 72.84 - 91.00
Beta 0.50
Analysts Buy
Price Target 95.88 (+7.94%)
Earnings Date Apr 30, 2024

About CHK

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana. As of December 31, 2023, the company owns a portfolio of onshore U.S. unconventional natura... [Read more]

Sector Energy
IPO Date Feb 4, 1993
Employees 1,000
Stock Exchange NASDAQ
Ticker Symbol CHK
Full Company Profile

Financial Performance

In 2023, CHK's revenue was $8.72 billion, a decrease of -25.73% compared to the previous year's $11.74 billion. Earnings were $2.42 billion, a decrease of -50.32%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CHK stock is "Buy." The 12-month stock price forecast is $95.88, which is an increase of 7.94% from the latest price.

Price Target
$95.88
(7.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Chesapeake says natgas market oversupplied, plans to cut output, spending

Chesapeake Energy said it would cut spending and natural gas output this year as it sees the market being "oversupplied", causing the company's shares to rise more than 7% on Wednesday.

5 weeks ago - Reuters

CHK, PANW, CZR: Earnings Extravaganza

Chesapeake Energy's (CHK) 4Q closed the remaining Eagle Ford divestiture package for about $700M. Palto Alto Networks' (PANW) 2Q revenue grew 19%.

Other symbols: CZRPANW
5 weeks ago - Schwab Network

Chesapeake Energy reports fall in quarterly profit

Chesapeake Energy reported a steep decline in fourth-quarter profit on Tuesday, as the natural gas producer battled lower commodity pricing during the period as well as a decline in output.

5 weeks ago - Reuters

CHESAPEAKE REPORTS FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL AND OPERATING RESULTS AND ISSUES 2024 OUTLOOK

OKLAHOMA CITY , Feb. 20, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance. Fourth Quarter 2023 Highligh...

5 weeks ago - PRNewsWire

Some regional electric grids 'in trouble' over the next few years, says Skylar's Bill Perkins

Bill Perkins, Skylar Capital Management CEO, joins 'Closing Bell Overtime' to talk the price of natural gas, the impact of weather, investing in energy and more.

Other symbols: CQPDVNEQT
5 weeks ago - CNBC Television

Chesapeake Energy signs LNG export deal with Gunvor, Delfin

Chesapeake Energy has entered a long-term liquefied natural gas (LNG) export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday.

6 weeks ago - Reuters

CHESAPEAKE ENERGY CORPORATION, DELFIN LNG AND GUNVOR SIGN LONG-TERM LNG LIQUEFACTION OFFTAKE AGREEMENT INDEXED TO JAPAN KOREA MARKER

OKLAHOMA CITY , Feb. 13, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor G...

6 weeks ago - PRNewsWire

Brian Belski makes big trades on Snap, Chesapeake Energy, DoorDash, Gilead, and UnitedHealth

Brian Belski, chief investment strategist at BMO Capital Markets, joins 'Halftime Report' to break down his latest trades.

Other symbols: DASHGILDSNAPUNH
7 weeks ago - CNBC Television

CHESAPEAKE ENERGY CORPORATION PROVIDES 2023 FOURTH QUARTER AND FULL YEAR EARNINGS CONFERENCE CALL INFORMATION

OKLAHOMA CITY , Feb. 6, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) today announced that it will release its 2023 fourth quarter and full year operational and financial results af...

7 weeks ago - PRNewsWire

How Chesapeake, Southwestern Energy Merger Will Reshape U.S. Natural Gas Industry Via $24 Billion Entity

In the wider scheme of the U.S. oil and gas industry, the recently announced merger of Chesapeake Energy CHK and Southwestern Energy SWN may not be the biggest in valuation stakes. Especially consider...

Other symbols: SWN
2 months ago - Forbes

SOUTHWESTERN ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Southwestern Energy Company - SWN

NEW ORLEANS--(BUSINESS WIRE)--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 of Southwestern Ene...

Other symbols: SWN
2 months ago - Business Wire

Chesapeake Energy Buys Southwestern Energy To Become Biggest US Gas Producer

Chesapeake Energy Corp. (CHK) is set to become the largest natural gas producer in the U.S. after announcing it is buying rival Southwestern Energy Co. (SWN) for $7.4 billion in an all-stock deal.

Other symbols: SWN
2 months ago - Investopedia

Chesapeake and Southwestern bonds rally on merger news as Fitch says combined entity may get investment-grade rating

Bonds issued by Chesapeake Energy Corp. and Southwestern Energy Co. were rallying on Thursday after the companies sealed their expected $7.4 billion all-stock merger.

Other symbols: SWN
2 months ago - Market Watch

Chesapeake Buys Southwestern To Create A Shale Gas Powerhouse

The past 15 years have been a long and winding road for Chesapeake Energy CHK , one that included an effort to shift from a pure natural gas play to a more oily portfolio, a chapter 11 bankruptcy fili...

Other symbols: SWN
2 months ago - Forbes

Chesapeake Energy Merges With Southwestern For $7.4 Billion—Becomes Largest Natural Gas Producer In U.S.

Chesapeake Energy will merge with Southwestern Energy in an all-stock deal valued at $7.4 billion, both companies announced Thursday, the latest transaction in the energy industry that would make Ches...

Other symbols: SWN
2 months ago - Forbes

VIEW Chesapeake to buy Southwestern for $7.4 bln in all-stock deal

Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas produ...

Other symbols: SWN
2 months ago - Reuters

CHK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Chesapeake Energy Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company is fair to ...

2 months ago - Business Wire

Southwestern Energy's stock falls, as the $7.4 billion merger deal with Chesapeake Energy valued it at a discount

Shares of Southwestern Energy Co. SWN, -0.29% fell 3.5% in premarket trading Thursday, after the natural gas company announced a merger with oil and gas company Chesapeake Energy Corp. CHK, -1.49%, as...

Other symbols: SWN
2 months ago - Market Watch

Chesapeake and Southwestern Energy to Merge in $7.4 Billion Deal

The deal will create one of the largest natural gas producers in the U.S.

Other symbols: SWN
2 months ago - Barrons

Chesapeake Energy, Southwestern Energy Sign Merger Agreement

Chesapeake Energy and Southwestern Energy have agreed to merge in an all stock-transaction valued at $7.4 billion that is aimed at creating a premier natural gas company.

Other symbols: SWN
2 months ago - WSJ

Chesapeake to buy Southwestern Energy in $7.4 billion deal

Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas produ...

Other symbols: SWN
2 months ago - Reuters

CHESAPEAKE ENERGY CORPORATION AND SOUTHWESTERN ENERGY TO COMBINE TO ACCELERATE AMERICA'S ENERGY REACH

OKLAHOMA CITY and SPRING, Texas , Jan. 11, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced that they have entered into an a...

Other symbols: SWN
2 months ago - PRNewsWire

Skylar Capital's Bill Perkins calls Chesapeake & Southwestern possible merger 'brilliant'

Bill Perkins, Skylar Capital founder, and CNBC's Pippa Stevens join 'Power Lunch' to discuss a possible merger between Chesapeake and Southwestern and natural gas outlook.

Other symbols: SWN
2 months ago - CNBC Television

Southwestern, Chesapeake Energy close to $17 billion merger - source

U.S. natural gas producer Chesapeake Energy and peer Southwestern Energy are nearing a merger that would create a nearly $17 billion company, a person familiar with the matter told Reuters on Friday.

Other symbols: SWN
2 months ago - Reuters

Southwestern, Chesapeake Near $17 Billion Energy Merger

Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17 billion company ranking as one of the largest natural-gas producers in the U.S.

Other symbols: SWN
2 months ago - WSJ