Posts for Ticker ‘CHK’

Top 10 Analyst Upgrades, Downgrades, Initiations (BRCD, BNI, COH, CHK, CSX, HOG, KWK, MBT, NDAQ, SIRI)

These are this Thursday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks:

Brocade Communications (NASDAQ: BRCD) Cut to Neutral at Piper Jaffray; Cut to Hold at ThinkEquity; Cut to Hold at Lazard.
Burlington Northern Santa Fe (NYSE: BNI) Cut to Underweight at Barclays.
Coach Inc. (NYSE: COH) Started as Hold at KeyBanc.
Chesapeake Energy (NYSE: CHK) Started as Buy at Lazard.
CSX Corp. (NYSE: CSX) Raised to Equal-Weight at Barclays.
Harley-Davidson (NYSE: HOG) Started as Underweight at KeyBanc.
Quicksilver Resources Inc. (NYSE: KWK) Started as Buy at Lazard.
Mobile TeleSystems (NYSE: MBT) Raised to Buy at UBS.
NASDAQ OMX Group (NASDAQ: NDAQ) Raised to Positive at Susquehanna.
SIRIUS XM Radio Inc. (NASDAQ: SIRI) put on positive credit watch at S&P late yesterday during trading hours.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, key merger news, and more.

JON C. OGG

Posted on: November 12, 2009 – 7:52 am in Analyst Calls, , , , , , , , , ,

Mixed Earnings Metrics on Chesapeake (CHK)

Nat Gas PicChesapeake Energy Corporation (NYSE: CHK) has put to bed at least some of the concerns over how much lower natural gas prices seen earlier this year were going to affect its earnings performance.  But there is some data here for bulls and bears alike.  The company’s third quarter adjusted net income was $440 Million, or $0.70 EPS on Revenue of $1.8 billion.  Thomson Reuters had estimates pegged at $0.65 EPS and $1.96 billion in revenues.
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Posted on: November 2, 2009 – 4:27 pm in Earnings,

Next Week’s Top 10 Earnings on Deck (CHK, F, KFT, MA, CSCO, CMCSA, QCOM, BRK-A, SIRI, VG)

NYSE Floor ImageEarnings season may be winding down, but next week still has some very important companies that are economic indicators in and of themselves or are key stocks that have broad customer and investor bases.  Picking only ten companies leaves many key stocks out, but we have some here which will appeal to most investors and traders.  Among next week’s top earnings are Chesapeake Energy Corporation (NYSE: CHK), Ford Motor Company (NYSE: F), Kraft Foods Inc. (NYSE: KFT), MasterCard Incorporated (NYSE: MA), Cisco Systems Inc. (NASDAQ: CSCO), Comcast Corporation (NASDAQ: CMCSA), QUALCOMM Inc. (NASDAQ: QCOM),  and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).

We also have the biggest cult stocks of all with SIRIUS Satellite Radio (NASDAQ: SIRI) and Vonage Holdings Corp. (NYSE: VG) reporting next week.  We have offered some color on each stock along with chart data where relevant, along with Thomson Reuters consensus estimates.
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Posted on: October 30, 2009 – 2:51 pm in Calendar, Earnings, Technical Analysis, Technology Companies, , , , , , , , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (CHK, EOG, FFIV, FCX, MOT, NVLS, SAP, STJ, STM, TSCO)

These are this Thursday morning’s top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls:

Chesapeake Energy (NYSE: CHK) Cut to Neutral at UBS.
EOG Resources (NYSE: EOG) Cut to Neutral at UBS.
F5 Networks (NASDAQ: FFIV) Raised to Neutral at UBS; Raised to Buy at Canaccord Adams.
Freeport McMoRan (NYSE: FCX) Raised to Buy at Deutsche Bank.
Motorola (NYSE: MOT) Raised to Overweight at Thomas Weisel.
Novellus Systems (NASDAQ: NVLS) Raised to Hold at Deutsche Bank.
SAP AG (NYSE: SAP) Cut to Neutral from Buy at Bank of America Merrill Lynch.
St. Jude Medical (NYSE: STJ) Raised to Buy at UBS.
STMicroelectronics NV (NYSE: STM) Cut to Sell at RBS.
Tractor Supply Co. (NASDAQ: TSCO) Cut to Underweight at Piper Jaffray.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 22, 2009

Posted on: October 22, 2009 – 8:13 am in Analyst Calls, , , , , , , , , ,

Top Analyst Downgrade/Cautious Calls (AIG, ARRS, CHK, DVN, IGT, PEP, RIMM)

These are Tuesday’s top pre-market analyst downgrades or cautious research calls seen out of Wall Street:

American International Group (NYSE: AIG) Resumed as Neutral at UBS, so technically not a downgrade.
Arris (NASDAQ: ARRS) Cut to Underperform at Jefferies.
Chesapeake (NYSE: CHK) Cut to Underperform at Credit Suisse.
Devon Energy (NYSE: DVN) Cut to Underperform at Credit Suisse.
International Game Tech (NYSE: IGT) Cut to Buy from Conviction Buy List at Goldman Sachs.
Pepsico (NYSE: PEP) removed from the Focus List at Credit Suisse.
Research in Motion (NASDAQ: RIMM) Started as Underperform at Bernstein.

You can join our open email distribution list which goes out several times per week for reminders of top day trader alerts, top analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
OCTOBER 6, 2009

Posted on: October 6, 2009 – 8:00 am in Analyst Calls, , , , , , ,

Chesapeake Trades More Assets for Cash (CHK, KMP, EPD)

bearChesapeake Energy Corporation (NYSE:CHK) has created a 50/50 midstream joint venture with Global Infrastructure Partners that includes a significant portion of Chesapeake’s midstream assets in exchange for $588 million in cash. The new venture is called Chesapeake Midstream Partners, L.L.C. Read More »

Posted on: September 28, 2009 – 10:26 am in Oil & Gas, , ,

Blackstone (BX) Chief Makes $702 Million

GeithnerThe thoughts of restricting the pay packages of the CEOs of public companies may be in the air, but new data on chief executive compensation show that boards of directors are not taking any of it seriously.

Stephen Schwarzman, head of financial firm Blackstone (BX), made over $702 million in 2008 based on data from The Corporate Library. Read More »

Posted on: August 13, 2009 – 5:54 pm in Compensation, Corporate Governance, Editor's Picks, , , , , , , , , ,

Top Analyst Upgrades and Downgrades (CHK, DD, FIG, FITB, KIND, MMC, MINI, STI, UNTD, VCLK)

These are the top ten pre-market analyst upgrades, downgrades, and initiations from Wall Street research this Thursday morning:

Chesapeake Energy (CHK) Cut to Hold at Argus.
DuPont (DD) Raised to Perform at Oppenheimer.
Fortress Investment Group (FIG) Raised to Outperform at KBW.
Fifth Third Bancorp (FITB) Cut to Market Perform at KBW.
Kindred Healthcare (KIND) Cut to Hold at Jefferies.
March & McLennan (MMC) Raised to Market Perform at KBW.
Mobile Mini (MINI) Cut to Hold at Needham.
SunTrust (STI) Cut to Market Perform at KBW.
United Online (UNTD) Cut to Hold at Jefferies.
ValueClick (VCLK) Raised to Buy at Merriman Curhan Ford.

JON C. OGG
AUGUST 6, 2009

Posted on: August 6, 2009 – 7:51 am in Analyst Calls, , , , , , , , , ,

T. Boone Pickens & BP Updated Stock Holdings (ANR, APC, COG, CHK, CNX, DVN, FLR, FWLT, HAL, MEE, OXY, STR, SLB, SU, RIG, WFT)

Pickens PicThis morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P.,  as of March 31, 2009.  Some of the higher stakes look to be in Chesapeake Energy Corporation (NYSE: CHK), Devon Energy Corporation (NYSE: DVN), Suncor Energy Inc. (NYSE: SU), and Transocean Ltd. (NYSE: RIG).  Here is the full list of holdings for Pickens’ BP Capital with the implied value as of the reporting dat of March 31:

Posted on: May 15, 2009 – 11:37 am in Activist Investor, Insider Activity, Mutual Funds, Oil & Gas, , , , , , , , , , , , , , , ,

Another Utility Misses Estimates (ETR, D, AEP, CHK)

power-lines-imageEntergy Corporation (NYSE:ETR) joined the ranks of electricity generators that haven’t been able to reach consensus estimates for the first quarter of 2009.The company’s results resemble the earlier reports from Dominion Resources, Inc. (NYSE:D) and American Electric Power Co. Inc. (NYSE:AEP), where lower demand, especially from industrial customers, really hurt sales.

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Posted on: May 4, 2009 – 8:11 am in Earnings, Utilities, , , ,

Chesapeake Again Hacks Production (CHK)

Chesapeake Energy Corp. (NYSE: CHK), the largest natural gas producer in the US, is cutting its gas production again, bringing the total reduction to about 400 million cubic feet/day. That total includes a 200 million cubic feet/day reduction announced on March 2nd.
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Posted on: April 17, 2009 – 8:02 am in Oil & Gas,

Less Natural Gas Drilling, More LNG Imports? (BHI, LNG, BP, CHK, XTO)

nat-gas-picWe’ve been closely tracking the weekly rig counts published by Baker Hughes Inc. (NYSE:BHI) for a while now. Drilling for oil has slowed significantly in the US, and drilling for natural gas has slowed even more. A year ago, Baker Hughes counted 1,227 gas rigs; last week, there were just 810, a drop of 44%. The biggest drop came in vertical rigs, with horizontal drilling off much less. Horizontal drilling is common in the shale gas plays such as the Barnett and Haynesville shales, and tends to drain the reservoirs more quickly than traditional vertical or directional drilling.
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Posted on: April 3, 2009 – 10:36 am in Oil & Gas, , , , ,

US and Europe – Two Sides of the Natural Gas Storage Coin (CHK)

nat-gas-picNatural gas contracts in the US have been trading at around $4/thousand cubic feet. The prime suspect for the low price is, surprise, the slow economy. The amount of natural gas being consumed has dropped, but since production has not slowed down as quickly as the economy, much of the gas being produced has gone into storage.
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Posted on: March 16, 2009 – 8:21 am in Oil & Gas,

Natural Gas Prices Driven By LNG Imports? (DVN, CHK)

There are some issues surrounding natural gas that is keeping a cap on the sector.

Spot prices are bouncing around between $3.50 and $4.00 per thousand cubic feet. At those prices, unconventional shale gas plays are largely uneconomical.  The big US shale plays are the Barnett Shale in the Dallas-Fort Worth area and Arkansas’ Haynesville Shale, where companies like Devon Energy Corp. (NYSE:DVN) and Chesapeake Energy Corp. (NYSE:CHK) own vast drilling rights.
Read More »

Posted on: March 12, 2009 – 10:10 am in Oil & Gas, ,

Energy Stocks That Should Double (VLO, CHK, FSLR, COP, BHI)

money-stack-image20oil-well-image2solar-panel-pic11This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows.  The time frame is by the end of 2010, which is meant to coincide with some form of economic recovery next year.  This is not based on a sharp turn up in the economy. A number of the credit and financial issues facing the markets will be in place for the near-term or longer.  The other assumption used for choosing the stocks is a market bottom of roughly 600 on the S&P 500 Index.

In the energy sector, we have outlined the assumptions and the reasons for Baker Hughes Inc. (NYSE: BHI), Chesapeake Energy Corporation (NYSE: CHK), ConocoPhillips (NYSE: COP), First Solar, Inc. (NASDAQ: FSLR), and Valero Energy Corp. (NYSE: VLO).
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Posted on: March 10, 2009 – 11:00 am in Alternative Energy, Green Biz, Oil & Gas, , , , , , , , , ,

What If Chesapeake Production Cuts Work? (CHK, PXP, BP)

Chesapeake Energy Corporation (NYSE: CHK) is tired of not having profitable results from a key operation.  The largest natural gas player announced that it will cut its production by 7% and is considering a further reduction of 10% in drilling for 2009. Natural gas prices of about $2.70/thousand cubic feet get the blame. According to the company’s CEO, that’s a price at which most natural gas production is unprofitable.
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Posted on: March 2, 2009 – 10:26 am in Oil & Gas, , ,

Top Pre-Market Analyst Upgrades (CHK, CMCSA, HPQ, SNY, SSS, RIG, WFMI)

money-stack-pic4These are some of the top early bird analyst upgrades seen from Wall Street analysts this Thursday morning:

  • Chesapeake (CHK) Raised to Outperform at Bernstein.
  • Comcast (CMCSA) Raised to Buy at Collins Stewart.
  • H-P (HPQ) Raised to Overweight at Thomas Weisel.
  • Sanofi-Aventis (SNY) Raised to Neutral at JPMorgan.
  • Sovran Self Storage (SSS) Raised to Perform at Oppenheimer.
  • Transocean (RIG) Raised to Outperform at Bernstein.
  • Whole Foods (WFMI) Raised to Buy at Jefferies.

Jon C. Ogg
February 19, 2009

Posted on: February 19, 2009 – 7:39 am in Analyst Calls, , , , , , ,

Chesapeake Still Faltering (CHK, BP)

The largest natural gas producer in the US, Chesapeake Energy Corporation (NYSE:CHK), reported a GAAP EPS loss of -$1.51 for the fourth quarter of 2008. On a non-GAAP basis, the company earned EPS of $0.73, compared with average estimates of $0.75. Falling prices for natural gas were blamed for the weak results. No surprise there.
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Posted on: February 18, 2009 – 9:53 am in Earnings, Oil & Gas, ,

Chesapeake Will Take a Charge and Issue Debt (CHK)

Money_stack_pic_3After the market closed yesterday, Chesapeake Energy Corporation (NYSE:CHK) announced that it would take a $1.8 billion non-cash, after-tax impairment charge, nearly all of which is allocated to the company’s oil and gas properties. Chesapeake also noted that it increased its proved reserves by about 11% since the end of 2007.

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Posted on: January 28, 2009 – 9:14 am in Oil & Gas, Secondary Offering,

Is Chesapeake Really In Play? (CHK, BP, STO)

Money_stack_pic_5Chesapeake Energy (NYSE: CHK) is trading marginally higher today on market chatter that BP plc (NYSE: BP) wants to acquire the company.  We first noticed this in the trading for options volume in our Volume Spike analysis from call options activity.   This would make for a very interesting combination, but we want to stress the fact that there has been market talk about this before.

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Posted on: January 26, 2009 – 3:23 pm in Mergers and Buy Outs, Oil & Gas, Rumors, Trading Alert, , ,