4.82 +0.03 (0.63%)
After hours: 7:51PM EDT
|Bid||0.00 x 1000|
|Ask||0.00 x 3200|
|Day's range||4.58 - 4.80|
|52-week range||2.53 - 5.05|
|PE ratio (TTM)||N/A|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||3.77|
The Permian Basin Is Still a Star, but Can Midstream Keep Up? Spanning western Texas and southeastern New Mexico and boasting many prolific tight oil formations such as Wolfcamp, Spraberry, and Bonespring, the Permian Basin has developed into one of the most active drilling regions in the United States. As rig counts have rebounded from the decreases that occurred in 2015 and 2016, producers have increasingly been focusing on the Permian region, with the highest number of monthly rig counts among all regions, as we can see in the above image.
NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Global ...
On June 12, natural gas July futures closed at a premium of ~$0.27 to July 2019 futures. The difference is called the “futures spread.” On June 5, the futures spread was at a premium of ~$0.24. On June 5–12, natural gas July futures rose 1.7%.
On June 12, natural gas July futures fell 0.3% and settled at $2.94 per MMBtu (million British thermal units). On the same day, Chesapeake Energy (CHK) and Southwestern Energy (SWN) fell 2.2% and 0.2%, respectively, while Cabot Oil & Gas (COG) rose 0.2%. These three stocks were the underperformers on our list of natural gas–weighted stocks.
On June 8, Chesapeake Energy’s (CHK) short interest ratio, or its short interest as a percentage of its float, was ~21.7%. A year ago, in May 2017, its short interest ratio was ~18.6%.
Approximately 65.5% of Wall Street analysts have rated Chesapeake Energy (CHK) stock as a “hold.” Meanwhile, ~10.3% have rated the stock as a “buy,” and 17.2% have rated it as an “underperform.”
The current implied volatility for Chesapeake Energy stock (CHK) is ~64%, 6.2% lower than its 15-day average of 68%.
Chesapeake Energy (CHK) stock rose ~6% in the week that ended on June 8. The stock has continued to rise despite the recent dip seen in crude oil (UCO) (DBO).
From June 1–8, the performances of natural gas futures-tracking ETFs were as follows: United States Natural Gas ETF (UNG): fell 2.2% ProShares Ultra Bloomberg Natural Gas ETF (BOIL): fell 4.6%
Chesapeake Energy Corporation (NYSE:CHK), a US$4.32B mid-cap, is an oil and gas company operating in an industry which has seen a prolonged oil price downturn since 2014. However, energy-sector analystsRead More...
At 1.817 trillion cubic feet (Tcf), natural gas inventories are 512 Bcf (22%) under the five-year average and 799 Bcf (30.5%) below the year-ago figure.
On June 5, natural gas July futures closed at a premium of ~$0.24 to July 2019 futures. The difference is called the “futures spread.” On May 29, the futures spread was at a premium of ~$0.25. On May 29–June 5, natural gas July futures fell 0.4%.
In 2008, the natural gas rig count made a record high of 1,606. From the record level in 2008, the natural gas rig count fell ~87.7% until June 1. Between January 2008 and March 2018, US natural gas marketed production rose ~50.3%—based on the U.S. Energy Information Administration’s monthly data. Since January 2008, natural gas active futures have fallen 63.2% to date. What’s behind the rise in natural gas supplies?
The EIA (U.S. Energy Information Administration) released its weekly US crude oil production data on May 31. The EIA reported that US crude oil production increased by 44,000 bpd (barrels per day) to a record high of 10,769,000 bpd on May 18–25. The production also increased by 1,427,000 bpd or ~15.3% from a year ago.
According to the EIA (U.S. Energy Information Administration), US dry natural gas production is expected to increase through 2050 across various alternative assumptions (see graph below).
On May 30, the API (American Petroleum Institute) released its US gasoline and distillate inventory data. The API reported that US gasoline inventories decreased by ~1.7 MMbbls (million barrels) on May 18–25. A Reuters survey estimates that US gasoline inventories could have declined by ~1.37 MMbbls during the same period.
On May 25, Chesapeake Energy (CHK) stock’s short interest as a percentage of float (or short interest ratio) was ~21.7%. A year prior, its short interest ratio was ~18%.
On May 29, natural gas July futures closed at a premium of ~$0.25 to July 2019 futures. The difference is called the “futures spread.” On May 22, the futures spread was at a premium of ~$0.26. On May 22–29, natural gas July futures fell 1.1%.
Of the analysts covering Chesapeake Energy (CHK), ~65.5% recommend “hold,” ~10.3% recommend “buy,” and 17.2% rate it as “underperform.” Their average target price of $3.71 for Chesapeake Energy stock implies a potential negative return of ~14% over the next 12 months. The highest target price from an analyst for CHK stock is $6, while the lowest is ~$1.50.
In the week ending May 18, natural gas inventories rose by 91 Bcf (billion cubic feet) to 1,629 Bcf—based on the EIA’s (U.S. Energy Information Administration) data announced on May 24. The increase was 2 Bcf less than what a survey by S&P Global Platts expected. On May 24, natural gas July futures rose 0.5%.
Chesapeake Energy (CHK) stock’s implied volatility is ~71%. In comparison, peers Noble Energy (NBL) and EQT (EQT) have lower implied volatility, of ~31% and ~33.4%, respectively. Meanwhile, the Energy Select Sector SPDR ETF’s (XLE) implied volatility is ~19%.