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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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
- 11/21/24 - Form FWP
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- CHK's page on the SEC website