Chesapeake Energy Corporation (CHK)
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OKLAHOMA CITY, Oct. 19, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it will release its 2021 third quarter operational and financial results after market close on Tuesday, November 2, 2021. A conference call to discuss the results has been scheduled on Wednesday, November 3, 2021 at 9:00 am EDT.
Chesapeake Energy Corporation Appoints Domenic J. Dell'Osso President And Chief Executive Officer And Announces Revised Executive Compensation Program2021-10-11 07:00
OKLAHOMA CITY, Oct. 11, 2021 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today announced that its Board of Directors has unanimously voted to appoint Domenic "Nick" Dell'Osso as President and Chief Executive Officer and a member of the company's Board of Directors, effective immediately. Mike Wichterich, who served as Interim Chief Executive Officer, will assume the role of Executive Chairman of the Board of Directors.
Shares of Chesapeake Energy Corp. CHK, +4.21% rallied 1.9% in afternoon trading, after the oil and natural gas company received a bullish endorsement from UBS analyst Lloyd Byrne citing a "clean" balance sheet and discounted valuation. Byrne started coverage of Chesapeake with a buy rating and stock price target of $88, which implied a 35% upside from current levels.
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Quarterly results will be clouded with deferred maintenance and other reorganization issues.
Chesapeake (CHK) will pay Pennsylvania landowners more than $9 million for improper oil and gas royalty calculation.
With the trading day more than halfway over, the broad markets had a roaring start to the week with the S&P 500 and Nasdaq hitting record intraday highs.
Apart from Chesapeake Energy (CHK), Viper Energy Partners (VNOM) and Phillips 66 (PSX), there were news from TechnipFMC (FTI) and The Williams Companies (WMB) during the week.
Expanding opportunities for the electric vehicles market boost the U.S. alternative energy industry's prospects. However, lack of investment in hydrogen market remains a concern.