Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; and Powder River Basin in Wyoming. As of December 31, 2020, it owned interests in approximately 7,400 oil and natural gas wells, including 5,900 properties with working interest and 1,500 properties with royalty interest; and had estimated proved reserves of 60 Mmboe. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
IPO Year:
Exchange: NASDAQ
Website: chk.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/27/2024 | $92.00 | Buy | ROTH MKM |
| 7/18/2024 | $110.00 | Outperform | Wolfe Research |
| 4/10/2024 | $102.00 | Equal Weight | Barclays |
| 4/4/2024 | Sector Weight | KeyBanc Capital Markets | |
| 1/12/2024 | $82.00 → $95.00 | Neutral → Buy | Citigroup |
| 1/12/2024 | $96.00 → $104.00 | Neutral → Buy | Mizuho |
| 1/3/2024 | $96.00 | Buy → Neutral | Mizuho |
| 12/14/2023 | Buy → Accumulate | Johnson Rice | |
| 12/14/2023 | $106.00 → $86.00 | Buy → Neutral | UBS |
| 8/16/2023 | $97.00 → $96.00 | Overweight → Neutral | JP Morgan |
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ROTH MKM initiated coverage of Chesapeake Energy with a rating of Buy and set a new price target of $92.00
Wolfe Research resumed coverage of Chesapeake Energy with a rating of Outperform and set a new price target of $110.00
Barclays initiated coverage of Chesapeake Energy with a rating of Equal Weight and set a new price target of $102.00
KeyBanc Capital Markets initiated coverage of Chesapeake Energy with a rating of Sector Weight
Citigroup upgraded Chesapeake Energy from Neutral to Buy and set a new price target of $95.00 from $82.00 previously
Mizuho upgraded Chesapeake Energy from Neutral to Buy and set a new price target of $104.00 from $96.00 previously
Mizuho downgraded Chesapeake Energy from Buy to Neutral and set a new price target of $96.00
Johnson Rice downgraded Chesapeake Energy from Buy to Accumulate
UBS downgraded Chesapeake Energy from Buy to Neutral and set a new price target of $86.00 from $106.00 previously
JP Morgan downgraded Chesapeake Energy from Overweight to Neutral and set a new price target of $96.00 from $97.00 previously
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OKLAHOMA CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Chesapeake Energy Corporation (NASDAQ:CHK) and Southwestern Energy Company (NYSE:SWN) today closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. Expand Energy's common stock will commence public trading on the NASDAQ under the ticker "EXE" at the open of trading on October 2, 2024, and will continue to trade today under the symbol "CHK". "As America's largest natural gas producer and a top producer globally, Expand Energy is built to disrupt the industry's traditional cost and market delivery model," said Nick Dell'Osso, Expand Energy's President and Chief Executive Offi
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE:SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1. S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.Curbline Properties Corp. (NYSE:CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesda
Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under "EXE" ticker symbol Chesapeake Energy Corporation (NASDAQ:CHK) and Southwestern Energy Company (NYSE:SWN) today announced the waiting period in connection with the companies' pending combination under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") has expired. The companies expect the merger to close in the first week of October. Upon closing, the combined company will be the largest natural gas producer in the U.S. and assume the name Expand Energy Corporation. It will commence public trading on the NASDAQ under the ticker symbol "EXE" at the open of
Hart-Scott-Rodino Act waiting period has expiredCompany to be rebranded as Expand Energy and trade on NASDAQ under "EXE" ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) and Southwestern Energy Company (NYSE:SWN) today announced the waiting period in connection with the companies' pending combination under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act") has expired. The companies expect the merger to close in the first week of October. Upon closing, the combined company will be the lar
WhiteHawk closes acquisition of additional Marcellus Shale natural gas mineral and royalty assets adding interests in approximately 435,000 gross unit acres Acquisition expands WhiteHawk's natural gas mineral and royalty ownership into West Virginia, adding Antero Resources as a key operator Acquisition generates cash flow from over 1,200 wells, more than 600 of which are new to WhiteHawk's ownership interest WhiteHawk now owns natural gas mineral and royalty interests across approximately 1,050,000 gross unit acres in the core of the Marcellus and Haynesville Shales with interests in over 3,400 producing wells WhiteHawk Energy, LLC ("WhiteHawk" or the "Company") announced today th
OKLAHOMA CITY, July 29, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported second quarter 2024 financial and operating results. Net cash provided by operating activities of $209 millionNet loss of $227 million, or $1.73 per fully diluted share; adjusted net income(1) of $1 million, or $0.01 per shareAdjusted EBITDAX(1) of $358 millionQuarterly base dividend of $0.575 per common share to be paid in September 2024, 14th straight quarter paying a dividendProduced approximately 2.75 bcf/d net (100% natural gas); building productive capacity with 75 comb
OKLAHOMA CITY, July 16, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2024 second quarter operational and financial results after market close on Monday, July 29, 2024. A conference call to discuss the results has been scheduled on Tuesday, July 30, 2024 at 9:00 am EDT. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 4204243. A webcast link to the conference call will be provided on Chesapeake's website at www.chk.com. A replay will be available on the website following the call.
OKLAHOMA CITY, June 11, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today published its 2023 Sustainability Report, marking the company's 12th year reporting on its environmental, social and governance (ESG) performance and the company's resilience in a lower carbon future. This reporting reflects the company's commitment to transparency, enhanced disclosures and measurable progress. "We believe in a future where responsible energy production supports global climate ambitions and meets the needs of worldwide energy demand," said Nick Dell'Osso, Chesapeake's
OKLAHOMA CITY, April 30, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. Net income of $26 million, or $0.18 per fully diluted share; adjusted net income(1) of $80 million, or $0.56 per shareNet cash provided by operating activities of $552 millionAdjusted EBITDAX(1) of $508 million; free cash flow(1) of $131 millionDelivered $112 million in adjusted free cash flow(1) yielding combined quarterly base and variable dividend of $0.715 per common share to be paid in June 2024Produced approximately 3
OKLAHOMA CITY, April 17, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2024 first quarter operational and financial results after market close on Tuesday, April 30, 2024. A conference call to discuss the results has been scheduled on Wednesday, May 1, 2024 at 9:00 am EDT. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 9185107. A webcast link to the conference call will be provided on Chesapeake's website at www.chk.com. A replay will be available on the website following the call.
Ratings for Chesapeake Energy (NASDAQ:CHK) were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 3 0 1 0 0 Analysts have recently evaluated Chesapeake Energy and provided 12-month price targets. The average target is $106.0, accompanied by a high estimate of
Truist Securities analyst Neal Dingmann maintains Chesapeake Energy (NASDAQ:CHK) with a Buy and lowers the price target from $112 to $108.
Wolfe Research analyst Doug Leggate reinstates Chesapeake Energy (NASDAQ:CHK) with a Outperform.
Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Chesapeake Energy (NASDAQ:CHK) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 0 4 0 0 Last 30D 0 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 3 0 1 0 0 3M Ago 4 0 3 0 0 Analysts have set 12-month price targets for Chesapeake Energy, revealing an average target of $104.36, a high estimate of $117.00, and a low estimate of $93.00. Experiencing a 0.8% decline, the curr
Keybanc analyst Tim Rezvan initiates coverage on Chesapeake Energy (NASDAQ:CHK) with a Sector Weight rating.
The U.S. faces severe heat waves, impacting areas from the Midwest into much of the Ohio Valley, Great Lakes, Northeast, and Mid-Atlantic through the next few days. According to the latest updates from the National Oceanic and Atmospheric Administration (NOAA), high temperatures and warm overnight lows will likely challenge daily and even some monthly records. Heat index readings are expected to peak from 100 to 105 degrees in many locations. “Those without access to reliable air conditioning are urged to find a way to cool down. Record warm overnight temperatures will prevent natural cooling and allow the heat danger to build over time indoors without air conditioning,” the NOAA w
Mizuho analyst Nitin Kumar maintains Chesapeake Energy (NASDAQ:CHK) with a Buy and raises the price target from $101 to $111.
Benchmark analyst Subash Chandra maintains Chesapeake Energy (NASDAQ:CHK) with a Buy and lowers the price target from $107 to $93.
OKLAHOMA CITY, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Chesapeake Energy Corporation (NASDAQ:CHK) and Southwestern Energy Company (NYSE:SWN) today closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. Expand Energy's common stock will commence public trading on the NASDAQ under the ticker "EXE" at the open of trading on October 2, 2024, and will continue to trade today under the symbol "CHK". "As America's largest natural gas producer and a top producer globally, Expand Energy is built to disrupt the industry's traditional cost and market delivery model," said Nick Dell'Osso, Expand Energy's President and Chief Executive Offi
OKLAHOMA CITY, July 29, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported second quarter 2024 financial and operating results. Net cash provided by operating activities of $209 millionNet loss of $227 million, or $1.73 per fully diluted share; adjusted net income(1) of $1 million, or $0.01 per shareAdjusted EBITDAX(1) of $358 millionQuarterly base dividend of $0.575 per common share to be paid in September 2024, 14th straight quarter paying a dividendProduced approximately 2.75 bcf/d net (100% natural gas); building productive capacity with 75 comb
OKLAHOMA CITY, July 16, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2024 second quarter operational and financial results after market close on Monday, July 29, 2024. A conference call to discuss the results has been scheduled on Tuesday, July 30, 2024 at 9:00 am EDT. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 4204243. A webcast link to the conference call will be provided on Chesapeake's website at www.chk.com. A replay will be available on the website following the call.
OKLAHOMA CITY, April 30, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. Net income of $26 million, or $0.18 per fully diluted share; adjusted net income(1) of $80 million, or $0.56 per shareNet cash provided by operating activities of $552 millionAdjusted EBITDAX(1) of $508 million; free cash flow(1) of $131 millionDelivered $112 million in adjusted free cash flow(1) yielding combined quarterly base and variable dividend of $0.715 per common share to be paid in June 2024Produced approximately 3
OKLAHOMA CITY, April 17, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2024 first quarter operational and financial results after market close on Tuesday, April 30, 2024. A conference call to discuss the results has been scheduled on Wednesday, May 1, 2024 at 9:00 am EDT. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 9185107. A webcast link to the conference call will be provided on Chesapeake's website at www.chk.com. A replay will be available on the website following the call.
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 Highlights: Net cash provided by operating activities of $470 millionNet income totaled $569 million, or $4.02 per fully diluted share; adjusted net income(1) totaled $185 million, or $1.31 per shareAdjusted EBITDAX(1) of $635 million; free cash flow(1) of $91 millionProduced approximately 3.43 bcfe/d net (98% natural gas)Closed remaining Eagle Ford divestiture package for approximately $7
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 after market close on Tuesday, February 20, 2024. A conference call to discuss the results has been scheduled on Wednesday, February 21, 2024 at 9:00 am EST. The telephone number to access the conference call is 1-888-317-6003 / INT TOLL: 1-412-317-6061, passcode 8453967. A webcast link to the conference call will be provided on Chesapeake's website at www.chk.com. A replay will be available on the website following the call.
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 agreement to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on January 10, 2024. Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock outstanding at closing. The strategic combination will create a premier energy co
Total Proceeds from Eagle Ford Exit to Top $3.5 billion OKLAHOMA CITY, Aug. 14, 2023 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion. "We are pleased to have successfully completed the exit of our Eagle Ford asset, allowing us to focus our capital and team on the premium rock, returns and runway of our Marcellus and Haynesville positions," sa
OKLAHOMA CITY, Aug. 1, 2023 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2023 second quarter financial and operating results. Net cash provided by operating activities of $515 millionNet income of $391 million, or $2.73 per diluted share (all per share amounts stated on a diluted basis); adjusted net income(1) of $92 million, or $0.64 per shareDelivered total net production of 3,653 mmcfe per day and adjusted EBITDAX(1) of $524 millionIncreased base dividend approximately 4.5%; announced total quarterly dividend of $0.575 per common share to be pai
NEW YORK, Sept. 26, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400: S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG) will replace Southwestern Energy Co. (NYSE:SWN) in the S&P MidCap 400 and TransMedics Group, Inc. (NASD: TMDX) will replace The Ensign Group in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, October 1. S&P MidCap 400 constituent Chesapeake Energy Corp. (NASD: CHK) is acquiring Southwestern Energy in a deal expected to be completed October 1.Curbline Properties Corp. (NYSE:CURB) will be added to the S&P SmallCap 600 effective prior to the open of trading on Tuesda
Third Circuit Court of Appeals Overturns Lower Court Decision to Appoint Custodian to Oversee Company; Rules that Majority of In-Office Directors "Shall" Fill the Board Vacancy CEO Vernon W. Hill Resigns Special Meeting of Shareholders to Be Cancelled Republic First Bancorp, Inc. (NASDAQ:FRBK) (the "Company") today announced that yesterday, Benjamin C. Duster, IV was appointed as an independent member of the Board of Directors (the "Board"), effective immediately. Mr. Duster's appointment follows the United States Court of Appeals for the Third Circuit (the "Third Circuit") reversing the decision of the United States District Court for the Eastern District of Pennsylvania, which appoint
OKLAHOMA CITY, Jan. 25, 2022 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) ("Chesapeake") today announced that Josh Viets has been appointed Executive Vice President and Chief Operating Officer, effective February 1, 2022. "Josh has been at the forefront of how our industry is evolving for the future, and I am excited to welcome him to the Chesapeake team," said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. "As we refocus our portfolio around our strongest assets, Josh's demonstrated operational leadership, technical ability, and diverse expe
OKLAHOMA CITY, Nov. 30, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that Mohit Singh has been appointed Executive Vice President and Chief Financial Officer, effective December 6, 2021. "I am pleased to welcome Mohit to Chesapeake at such an exciting time in our company's history," said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. "Mohit brings deep financial and executive leadership capabilities to our already strong team. His depth and breadth of experience in the energy space, from directing business units and busin
OKLAHOMA CITY, Oct. 11, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that its Board of Directors has unanimously voted to appoint Domenic "Nick" Dell'Osso as President and Chief Executive Officer and a member of the company's Board of Directors, effective immediately. Mike Wichterich, who served as Interim Chief Executive Officer, will assume the role of Executive Chairman of the Board of Directors. Additionally, the company provided highlights of the comprehensive changes made to its Executive Compensation program. Mike Wichterich, Chesapea
OKLAHOMA CITY, April 27, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective April 30, 2021. Mike Wichterich, the Chair of Chesapeake's Board of Directors, will serve as Interim Chief Executive Officer while the Board of Directors conducts a search for a new Chief Executive Officer, which it expects to complete over the coming months. Mike Wichterich, Chair of Chesapeake's Board of Directors and Interim Chief Executive Officer, commented, "On behalf