Chesapeake Energy (CHK) PT Lowered to $3 at Credit Suisse

Go back to Chesapeake Energy (CHK) PT Lowered to $3 at Credit Suisse

Chesapeake Energy's (CHK) Acquisition Should Add 3K Development Locations - Imperial

October 31, 2018 7:06 AM EDT

Imperial Capital analyst, Jason Wrangler, reiterated his In-Line rating on shares of Chesapeake Energy (NYSE: CHK) and cut his price target to $5 from $6 after the company released 3Q18 results including a definitive agreement to acquire WildHorse Resource Development Corporation (WRD).

The analyst believes... More

Susquehanna Upgrades Chesapeake Energy (CHK) to Positive

October 31, 2018 6:01 AM EDT

Susquehanna analyst Biju Perincheril upgraded Chesapeake Energy (NYSE: CHK) from Neutral to Positive with a price target of $5.00.

For an analyst ratings summary and ratings history on Chesapeake Energy click here. For more ratings news on Chesapeake Energy click here.

Shares of Chesapeake Energy closed at $3.27 yesterday.

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Chesapeake Energy shares tumble on $4-billion WildHorse deal

October 30, 2018 7:20 AM EDT

By Laharee Chatterjee

(Reuters) - Chesapeake Energy Corp (NYSE: CHK) on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp (NYSE: WRD) in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer's shares by more than 12 percent.

Investors have punished shares of oil and gas producers that have struck deals this year for higher production instead of focusing on improved returns. Denbury Resources (NYSE: DNR), Concho Resources (NYSE: CXO) and Diamondback Energy (NASDAQ:... More

Chesapeake Energy (CHK) to Acquire WildHorse (WRD) in $3.98B Deal

October 30, 2018 7:05 AM EDT

Chesapeake Energy Corporation (NYSE: CHK) and WildHorse Resource Development Corporation (NYSE: WRD) today jointly announced that Chesapeake has entered into a definitive agreement to acquire WildHorse, an oil and gas company with operations in the Eagle Ford Shale and Austin Chalk formations in southeast Texas, in a transaction valued at approximately $3.977 billion, based on yesterday's closing price, including the value of WildHorse's net debt of $930 million as of June 30, 2018. At the election of each WildHorse common shareholder, the consideration will consist of either 5.989 shares of Chesapeake common... More