Chesapeake Energy Corporation (CHK), a Energy Oil & Gas E&P corporation, saw its stock trade 0.5378 common shares, a lower amount against to its 10-day trading volume of 72.02M.
Chesapeake Energy Corporation (CHK) stock is changing hands at $0.5378, down -0.021 cents or -3.76% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking losses.
At least two federal agencies are investigating an Chesapeake Energy Corporation (CHK) oil well fire that killed three workers last week and put a fourth in the hospital.
Investigators for the Occupational Safety and Health Administration and the Chemical Safety Board were in Burleson County Monday at the site of a blowout that occurred Jan. 29. OSHA first appeared on site Sunday, and CSB is completing its on-site investigation Tuesday, according to documents provided to the Business Journal by the Railroad Commission of Texas, which is also investigating the incident. In addition, the Railroad Commission document said other agencies would be on-site and off-site over the coming week, although it didn’t name those agencies.
Neither OSHA nor the CSB responded to requests for further information.
Total Revenue for Chesapeake Energy Corporation (CHK) is $9.51B, Gross Profit is $3.08B and the EBITDA is $3.14B.
Chesapeake Energy Corporation (CHK) Technical Figures:
The average 10-day trading volume of Chesapeake Energy Corporation (CHK) is 72.02M compared to 82.95M over the last 3 months which indicates a lower amount in trading activity. At the time of writing this article, Chesapeake Energy Corporation (CHK) has a 50-day moving average of $0.7248 and a 200-day moving average of $1.1508. These moving averages are popular technical statistics that investors use to analyze price trends of Chesapeake Energy Corporation (CHK).
Approximately 13.21% of the shares of the company are sold short from traders betting the shares might trade lower. The beta value on Chesapeake Energy Corporation (CHK) stock is 2.40, indicating its 6.94% to 7.34% more volatile than the overall marketplace.
Technically, CHKs short term resistance levels are $2.13, $1.65 and $1.55 on the upside.
Based on technical analysis, CHK has short term rating of Neutral (-0.06), Intermediate rating of Bearish (-0.29) and the long-term rating of Neutral (-0.17) giving it an overall rating of Neutral (-0.17).
CHK is trading 9.78% off its 52 week low at $0.50 and -84.47% off its 52 week high of $3.57. Performance wise, CHK stock has recently shown investors 3.77% a greater amount in a week, -35.92% a lower amount in a month and -64.18% a lower amount in the past quarter.
Furthermore, Chesapeake Energy Corporation (CHK) has shown a return of -32.32% since the start of the year.
Chesapeake Energy Corporation (CHK) Key Figures:
Chesapeake Energy Corporation (CHK) is a small-cap company with a market cap value of $1.051B. CHK insiders hold roughly 1.03% of the shares.
On Nov-06-19 Tudor Pickering Downgrade CHK as Hold → Sell, On Nov-13-19 Morgan Stanley Downgrade CHK as Overweight → Equal-Weight at $2.25 → $1.25 and on Nov-19-19 Johnson Rice Downgrade CHK as Accumulate → Hold.
There are currently 1.93B shares in the float and 2.02B shares outstanding. There are 13.21% shares short in CHKs float.
The industry rank for Chesapeake Energy Corporation (CHK) is 158 out of 255 ranking it at the Bottom 38% .
Chesapeake Energy Corporation (CHK) Fundamental Data:
CHK last 2 years revenues have increased from $10,231,000 to $9,660,000 showing an uptrend.
Wall Street expects Chesapeake Energy Corporation (CHK) to report an EPS next Qtr loss of -0.06 and a loss of -20.00% next year.
The growth rate on CHK this year is -132.22 compared to an industry -15.90.
The book value per share (mrq) is 1.81 and cash per share (mrq) is 0.01. Giving them a price/book (mrq) of 0.35 compared to an industry of 0.69 and CHKs price/cash flow (mrfy) is 0.25 compared to an industry of 1.83.
CHK fundamental ratios shows an EPS growth vs. previous year -0.29 and EPS growth vs. previous quarter -0.06.
About Chesapeake Energy Corporation (CHK):
Headquartered in Oklahoma City, OK, Chesapeake Energy Corporation is primarily an oil, natural gas and NGL exploration and production company. The company conducts its upstream operations across diverse unconventional oil and gas producing assets in the United States. In these resources, Chesapeake Energy operates 13,900 wells, which contribute to oil and natural gas production volumes.Specifically, the upstream energy firm — founded in 1989 — has a strong foothold in the liquid-rich Eagle Ford Shale. Chesapeake Energy also has significant access to the stacked pay in northwestern Oklahoma’s Anadarko Basin and Wyoming’s Powder River Basin. The company also has a strong foothold in shale plays like Marcellus in the northern Appalachian Basin and Haynesville in northwestern Louisiana, both rich in natural gas.To focus on core resources, Chesapeake Energy is divesting resources that do not complement the company’s business. Notable among the resources sold is the $1.9-billion divestment of Utica Shale resources in Ohio during late-2018.Through 2018, the company drilled 377 gross wells in all key shale plays in the United States, helping the upstream firm produce 190 million oil equivalent volumes — comprising 72.6% natural gas. Notably, in the Eagle Ford alone, Chesapeake Energy drilled 162 gross wells. As of Dec 31, 2018, the company’s proved reserves were reported at 1,448 MMBoE, down from 1,912 MMBoE as of Dec 31, 2017.Overall, the company’s business strategy is to create long-term value for shareholders from its huge inventory of drilling locations in key resources plays across the United States. To maximize returns from capital investments, the company has employed well-completion techniques along with drilling longer horizontal laterals. The company also conducted advanced well spacing analysis. Notably, the company is strongly focused on allocating capital to those projects that generate the healthiest returns. Notably, the company generated $1.2 billion in revenues in 2018.Chesapeake Energy is also focused on maintaining a strong financial discipline by consistently putting efforts on reducing debt burden.