Today’s Research Reports on Trending Tickers: Southwestern Energy and Chesapeake Energy

NEW YORK, NY / ACCESSWIRE / February 1, 2018 / Chesapeake Energy Corporation as well as Southwestern Energy Company both saw losses on Wednesday. Shares of Southwestern plummeted to a new 52-week low this week despite any catalyst. Chesapeake announced that it would be slashing about 13% of its workforce.

RDI Initiates Coverage on:

Southwestern Energy Company
https://rdinvesting.com/news/?ticker=SWN

Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK

Southwestern Energy Company shares closed down 4.72% on about 36.7 million shares traded on Wednesday. There was no significant news to explain the company's share price falling. It was a day of continued losses for the stock which posted a new 52-week low. The company did get a downgrade from Raymond James this month to "underperform." It was last month that the company announced that an authorized committee of its Board of Directors declared a quarterly dividend (paid in cash) of $15.625 per share on its 6.25% Series B Mandatory Convertible Preferred Stock, payable on January 16, 2018, to holders of record on January 1, 2018.

Access RDI's Southwestern Energy Company Research Report at:
https://rdinvesting.com/news/?ticker=SWN

Chesapeake Energy Corporation shares closed down 3.58% on almost 43 million shares traded on Wednesday. The company announced this week that it will be laying off hundreds of employees. The energy company will be shredding some of its work force as it continues to overhaul the business. The company wrote a letter to employees this week that it would be letting go of about 13% of its workforce. This means about 400 positions are at stake out of the 3,247 people the company has working for it as of September 2017. A company spokesperson confirmed the news. The layoffs will happen around the Oklahoma City campus primarily and those who have been employed on during the transition arrangements with buyers of the company's assets with also be losing their jobs. This means about 300 jobs in Oklahoma City and the other jobs will be in field offices in the states of Louisiana, Ohio, Texas, Pennsylvania and Wyoming.

Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK

Our Actionable Research on Southwestern Energy Company (NYSE:SWN) and Chesapeake Energy Corporation (NYSE:CHK) can be downloaded free of charge at Research Driven Investing.

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