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CHK

Chesapeake

$2.45

0.09 (3.81%)

07:02
01/09/19
01/09
07:02
01/09/19
07:02

Chesapeake sees Q4 production 462,000-464,000 boe/d

Chesapeake Energy reported selected financial and operational results for the 2018 fourth quarter. Highlights include: Estimated average 2018 fourth quarter production range of approximately 462,000 to 464,000 barrels of oil equivalent per day; Estimated average 2018 fourth quarter oil production range of approximately 86,000 to 87,000 barrels of oil per day; divested Utica oil volumes have been completely replaced by oil volume growth in the Powder River Basin and Eagle Ford Shale in the two months following the sale; Achieved year-end 2018 Powder River Basin net production exit rate of approximately 38,500 boe per day (approximately 47% oil); Estimated 2018 fourth quarter capital expenditures of approximately $545M, including $50M of capitalized interest and Utica investments; Utica Shale divestment and debt refinancing eliminated approximately $2.6B in secured leverage, positioning the company with ample liquidity and no significant near-term debt maturities; debt balance as of December 31, 2018 of approximately $8.2B including $419M drawn on revolving credit facility.

CHK Chesapeake
$2.45

0.09 (3.81%)

01/04/19
01/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Skyworks (SWKS) downgraded to Neutral from Buy at Nomura Instinet with analyst Krysten Sciacca saying after Apple's (AAPL) profit warning, she believes growth headwinds from macro and trade uncertainty, as well as weak unit demand at the company's largest customers, will persist in 2019. 2. Snap (SNAP) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he believes Snap's sequential user declines are likely to continue in Q4. 3. Fortinet (FTNT) double downgraded to Sell from Buy at Goldman Sachs with analyst Gabriela Borges saying the drivers of Fortinet's share gain and margin expansion are now better understood, with consensus 2019 estimates having been revised up over the past 12 months. 4. eBay (EBAY) downgraded to Neutral from Buy at Goldman Sachs with analyst Heath Terry saying he sees better opportunities with other names in Internet given uncertainty around eBay's growth and margin expansion, specifically the company's ability to deliver low-to-mid single digit growth on reduced ad spend. 5. Halcon Resources (HK), Chesapeake (CHK), and Southwestern Energy (SWN) were downgraded to Underperform from Neutral at BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/04/19
BOFA
01/04/19
DOWNGRADE
Target $3.5
BOFA
Underperform
Chesapeake downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill Lynch analysts led by Doug Leggate downgraded a number of U.S. Oil and Gas stocks, stating that he prefers "discipline over growth" among large caps. Leggate and the team acknowledge a recovery in oil prices could lead to material upside, but views volatility as the biggest challenge as too many stocks are competing for shrinking investor dollars. He sees gas names remaining challenged by the falling incremental cost for U.S. natural gas and downgraded Chesapeake to Underperform from Neutral given the headwinds he sees for gas weighted E&P names. Leggate and the team lowered their price target for Chesapeake to $3.50 from $6.00.
12/20/18
SOCO
12/20/18
DOWNGRADE
SOCO
Underweight
Chesapeake downgraded to Underweight from Overweight at Capital One
12/07/18
12/07/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Secureworks (SCWX) downgraded to Sector Perform from Outperform at RBC Capital and to Neutral from Outperform at First Analysis. 2. Methanex (MEOH) downgraded to Hold from Buy at Jefferies with analyst Laurence Alexander saying he is now more cautious on the Chemicals space and he expects recession risk signals to continue emerging over the next few quarters. 3. Expeditors (EXPD) downgraded to Sell from Neutral at Goldman Sachs with analyst Matthew Reustle saying he sees "headwinds on the horizon" amid continued deceleration in the company's airfreight business and structural headwinds in its ocean freight business. 4. Chesapeake (CHK) downgraded to Underweight from Neutral at JPMorgan while Devon Energy (DVN) was downgraded to Neutral from Overweight. 5. Momo (MOMO) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SP

SP Plus Corp.

$36.62

0.15 (0.41%)

18:20
02/20/19
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Earnings
SP Plus Corp. sees FY19 EPS $2.56-$2.66, consensus $2.59 »

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    Feb

GM

General Motors

$39.96

0.43 (1.09%)

, VLKAY

Volkswagen

$0.00

(0.00%)

18:20
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Periodicals
Austria's Kurz says Trump, EU far apart on auto tariffs, Bloomberg says »

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GM

General Motors

$39.96

0.43 (1.09%)

VLKAY

Volkswagen

$0.00

(0.00%)

NSANY

Nissan

$0.00

(0.00%)

F

Ford

$8.94

0.115 (1.30%)

FCAU

Fiat Chrysler

$15.04

0.2 (1.35%)

HMC

Honda

$27.61

0.05 (0.18%)

TM

Toyota

$122.81

1.28 (1.05%)

DDAIF

Daimler AG

$0.00

(0.00%)

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SP

SP Plus Corp.

$36.62

0.15 (0.41%)

18:18
02/20/19
02/20
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Earnings
SP Plus reports Q4 adjusted EPS 57c, consensus 48c »

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    Feb

LBY

Libbey

$5.75

0.15 (2.68%)

18:14
02/20/19
02/20
18:14
02/20/19
18:14
Earnings
Libbey sees FY19 revenue increase in low single digits, one estimate $806.6M »

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  • 21

    Feb

LBY

Libbey

$5.75

0.15 (2.68%)

18:13
02/20/19
02/20
18:13
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18:13
Earnings
Libbey reports Q4 EPS (18c), two estimates 24c »

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  • 21

    Feb

NTES

NetEase

$232.66

3.11 (1.35%)

18:07
02/20/19
02/20
18:07
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18:07
Hot Stocks
NetEase reports Q4 online game service revenues up 37.7% at $1.6B »

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  • 20

    Feb

NTES

NetEase

$232.66

3.11 (1.35%)

18:05
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Hot Stocks
NetEase declares Q4 quarterly dividend of 48c vs 45c in Q3 »

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  • 20

    Feb

NTES

NetEase

$232.66

3.11 (1.35%)

18:04
02/20/19
02/20
18:04
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18:04
Earnings
NetEase reports Q4 EPS $2.66, consensus $1.54 »

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  • 20

    Feb

LEE

Lee Enterprises

$2.61

0.01 (0.38%)

18:04
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02/20
18:04
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18:04
Hot Stocks
Lee Enterprises board approves $10M stock repurchase program »

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KRNY

Kearny Financial

$13.48

-0.01 (-0.07%)

18:03
02/20/19
02/20
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Hot Stocks
Kearny Financial raises quarterly dividend to 6c per share from 5c »

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CPRT

Copart

$53.43

0.11 (0.21%)

18:02
02/20/19
02/20
18:02
02/20/19
18:02
Earnings
Breaking Earnings news story on Copart »

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  • 21

    Feb

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    Mar

CE

Celanese

$102.65

1.71 (1.69%)

18:02
02/20/19
02/20
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Celanese raises Acetyl Intermediates price by 5c per lb »

Celanese will increase…

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CPRT

Copart

$53.43

0.11 (0.21%)

18:01
02/20/19
02/20
18:01
02/20/19
18:01
Earnings
Copart reports Q2 EPS 55c, consensus 51c »

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  • 21

    Feb

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WPG

Washington Prime

$5.77

(0.00%)

17:50
02/20/19
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Earnings
Breaking Earnings news story on Washington Prime »

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  • 21

    Feb

CPA

Copa Holdings

$89.89

-0.8 (-0.88%)

, GE

General Electric

$10.10

-0.03 (-0.30%)

17:49
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Copa Airlines picks GE Aviation for digital records management »

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CPA

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$89.89

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GE

General Electric

$10.10

-0.03 (-0.30%)

BA

Boeing

$421.61

5.21 (1.25%)

ERJ

Embraer

$20.52

-0.14 (-0.68%)

03/08/13
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  • 20

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    Mar

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    May

WPG

Washington Prime

$5.77

(0.00%)

17:49
02/20/19
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Earnings
Washington Prime reports Q4 AFFO 38c, one estimate 39c »

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  • 21

    Feb

RMAX

RE/MAX Holdings

$40.54

0.11 (0.27%)

17:48
02/20/19
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Hot Stocks
RE/MAX Holdings raises quarterly dividend 5% to 21c per share »

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  • 22

    Feb

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    Mar

MSA

MSA Safety

$100.06

-1.13 (-1.12%)

17:46
02/20/19
02/20
17:46
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17:46
Earnings
MSA Safety reports Q4 adjusted EPS $1.27, consensus $1.27 »

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  • 21

    Feb

TFX

Teleflex

$286.65

4.57 (1.62%)

, PINC

Premier

$38.05

-0.03 (-0.08%)

17:31
02/20/19
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Teleflex awarded SURPASS deal with Premier »

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TFX

Teleflex

$286.65

4.57 (1.62%)

PINC

Premier

$38.05

-0.03 (-0.08%)

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  • 21

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    Mar

AGI

Alamos Gold

$4.87

0.05 (1.04%)

17:31
02/20/19
02/20
17:31
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Earnings
Alamos Gold reports Q4 adjusted EPS 1c, consensus 6c »

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  • 21

    Feb

NTR

Nutrien

$54.43

1.075 (2.02%)

17:30
02/20/19
02/20
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Hot Stocks
Nutrien intends to renew share repurchase program »

Nutrien announced that…

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  • 24

    Feb

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    Feb

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    Feb

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    Feb

AKRX

Akorn

$4.03

-0.42 (-9.44%)

, FSNUY

Fresenius SE

$0.00

(0.00%)

17:28
02/20/19
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17:28
Hot Stocks
Akorn 'strongly contests' Fresenius' proposed amended claims »

Akorn, Inc. (AKRX) said…

AKRX

Akorn

$4.03

-0.42 (-9.44%)

FSNUY

Fresenius SE

$0.00

(0.00%)

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  • 28

    Feb

  • 28

    Feb

  • 01

    May

MESO

Mesoblast

$4.28

0.13 (3.13%)

17:26
02/20/19
02/20
17:26
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17:26
Earnings
Mesoblast reports 1H19 $44.1M loss versus 1H18 profit of $6.7M »

In the first half FY2019…

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  • 20

    Feb

KODK

Kodak

$3.03

-0.045 (-1.47%)

17:21
02/20/19
02/20
17:21
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17:21
Hot Stocks
Kodak names Jim Continenza executive chairman »

The board of directors of…

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MIC

Macquarie Infrastructure

$43.17

-0.2 (-0.46%)

17:20
02/20/19
02/20
17:20
02/20/19
17:20
Hot Stocks
Macquarie Infrastructure sees FY19 EBITDA $610M-$635M vs. $601.9M last year »

Sees FY19 free cash flow…

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  • 21

    Feb

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