Why This Chesapeake Energy Analyst Has A Zero Price Target [Yahoo! Finance News]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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Source: Yahoo! Finance News
Chesapeake Energy Corporation CHK One analyst said Friday that even that valuation is too generous. The Chesapeake Rating MKM Partners analyst John Gerdes The Chesapeake Thesis The downgrade is due largely to a negative read on internal operations, Gerdes said in the Friday downgrade note: "5%-10% higher capital intensity, approximately 2% lower oil production composition and the uncertainty as to the long term [viability] of the company’s capital structure." See his track record here The analyst said he expects capex to dwindle to $1 billion by 2024 as production falls by one-third and the ratio of net debt to earnings before interest, tax, depreciation and amortization EBITDA) rises from 3.8 to 5. "Assuming access to the current $3 billion of bank line credit capacity, which is doubtful once net debt exceeds 4x, Chesapeake could layer, if necessary, the approximately $1.14 billion of aggregate term debt due through 2023 though the funding of the $1.5 billion term loan due June 2024
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News
- UPDATE 1-US natgas prices little changed as colder forecasts offset storage oversupply [Yahoo! Finance]Yahoo! Finance
- CHESAPEAKE ENERGY CORPORATION PROVIDES 2024 FIRST QUARTER EARNINGS CONFERENCE CALL INFORMATIONPR Newswire
- Can Chesapeake Energy Handle A Low Natural Gas Price Environment? [Seeking Alpha]Seeking Alpha
- Bearish: Analysts Just Cut Their Chesapeake Energy Corporation (NASDAQ:CHK) Revenue and EPS estimates [Yahoo! Finance]Yahoo! Finance
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Scotiabank from $92.00 to $110.00. They now have a "sector perform" rating on the stock.MarketBeat
CHK
Earnings
- 2/20/24 - Beat
CHK
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CHK's page on the SEC website