Chesapeake Energy’s stock swings lower, but analysts are upbeat on debt-for-stock swap [MarketWatch]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: MarketWatch
Chesapeake Energy’s stock swings lower, but analysts are upbeat on debt-for-stock swap Shares of Chesapeake Energy Corp. dropped on heavy volume Wednesday, pulled down by a selloff in crude oil prices, although some Wall Street analysts were upbeat on the oil and gas company’s plan to issue a large amount of common stock in exchange for debt. The stock CHK, -0.27% had run up as much as 8.2% in morning trading before pulling a sharp U-turn to drop into negative territory as oil prices turned down. The stock was down 0.6% in afternoon trading on volume of 58.9 million shares, which is enough to make the stock the most actively traded on major U.S. exchanges. At the intraday high, the stock had recovered everything it lost the previous session, and then some, after the company announced a dilutive stock offering , and exchanged them for senior notes and convertible preferred stock. The stock then started pulling back, as crude oil futures CLV19, -2.56% swung from an earlier gain of
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CHK
News
- Chesapeake Energy closes in red after six sessions of gains [Seeking Alpha]Seeking Alpha
- Natural Gas Producers Are Slashing Spending As Prices Stumble [Yahoo! Finance]Yahoo! Finance
- US natgas output down 7% as producers cut back amid price collapse [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Mizuho from $104.00 to $100.00. They now have a "buy" rating on the stock.MarketBeat
- Chesapeake Energy: Limited Upside In 2024 [Seeking Alpha]Seeking Alpha
CHK
Earnings
- 2/20/24 - Beat
CHK
Sec Filings
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 4
- CHK's page on the SEC website