Chesapeake nearing collapse as options shrink for dealing with massive debt [Seeking Alpha]
Chesapeake Energy Corporation (CHK)
Last chesapeake energy corporation earnings: 2/26 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
chk.com/investors
Company Research
Source: Seeking Alpha
Energy Chesapeake nearing collapse as options shrink for dealing with massive debt Feb. 26, 2020 10:30 PM ET | Chesapeake Energy Corporation (CHK) Carl Surran Chesapeake Energy's (NYSE: risky survival strategy reverse stock split "Our price target on this is zero," says Tudor Pickering Holt director of exploration and production Sameer Panjwani. "Everyone is concerned with the debt load here. You either have to sell assets, which in this market is pretty tough to do, or you have to generate free cash flow, which they're not doing well in this environment. They're backed into a corner." Chesapeake shares sank 30.5% to $0.31/share, the lowest close since the company went public in 1993. At the same time, the company's second-lien bonds due in 2025 fell to ~$0.66 on the dollar, well below their face value of 100 when sold in December. Credit derivatives traders are pricing in the likelihood of a Chesapeake default in the next five years, with the cost to insure $10M of debt in the cr
Show less
Read more
Impact Snapshot
Event Time:
CHK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CHK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CHK alerts
High impacting Chesapeake Energy Corporation news events
Weekly update
A roundup of the hottest topics
CHK
News
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target raised by analysts at Wells Fargo & Company from $77.00 to $83.00. They now have an "equal weight" rating on the stock.MarketBeat
- Chesapeake Energy and Southwestern Energy Complete Merger and Provide Third Quarter Earnings Conference Call Information, Company Rebranded as Expand EnergyGlobeNewswire
- Chesapeake Energy Co. (NASDAQ: CHK) had its price target lowered by analysts at Truist Financial Co. from $108.00 to $96.00. They now have a "buy" rating on the stock.MarketBeat
- Deals this week: Chesapeake, Visa, KKR, Mondelez and more [Seeking Alpha]Seeking Alpha
- Chesapeake Energy Co. (NASDAQ: CHK) was upgraded by analysts at Roth Capital to a "strong-buy" rating.MarketBeat
CHK
Earnings
- 7/29/24 - Miss
CHK
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- CHK's page on the SEC website