Chesapeake Energy: Limited Upside In 2024 [Seeking Alpha]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
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US:NYSE Investor Relations:
chk.com/investors
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Source: Seeking Alpha
Before Q4'23, Chesapeake Energy and Southwestern Energy announced a merger to create one of the largest natural gas-focused energy businesses in North America. The merger is expected to result in annual savings of $400M and higher capital (dividend) returns for investors. Shares are likely fairly valued here and I see limited revaluation potential in 2024. Chesapeake Energy ( NASDAQ: CHK ) reported much better than expected earnings for its fourth-quarter in December, although the energy firm saw lower revenues in a lower-price world. Chesapeake Energy generated a ton of profits in FY 2023 and the recently announced merger with Southwestern Energy Company ( SWN ) is set to create one of the largest natural gas-focused energy businesses in North America. The new energy company is expected to become the third-largest natural gas company in the world with the transaction also being attractive from a synergy point of view. I believe shares of Chesapeake Energy are a solid hold here
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CHK
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