Price Target Update on Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation (NYSE:CHK) stock is expected to deviate a maximum of $2.07 from the average target price of $4.92 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $1.

Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its view on Chesapeake Energy Corporation (NYSE:CHK) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank lowers the price target from $7 per share to $4 per share on Chesapeake Energy Corporation. The rating by the firm was issued on June 14, 2016.

Chesapeake Energy Corporation (NYSE:CHK): stock turned positive on Thursday. Though the stock opened at $4.57, the bulls momentum made the stock top out at $4.65 level for the day. The stock recorded a low of $4.52 and closed the trading day at $4.64, in the green by 2.88%. The total traded volume for the day was 19,077,255. The stock had closed at $4.51 in the previous days trading.

The company shares have dropped -59.41% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $11.90 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $4.36 and the 200 Day Moving Average price is recorded at $4.18. On the companys insider trading activities, Ryan Thomas L, director of Chesapeake Energy Corp, had purchased 10,000 shares on November 19, 2015. The total value of the transaction was $54,700. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Company owns interests in approximately 45,100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31, 2014, the Company held an interest in approximately 45,100 gross productive wells, including 33,600 properties in which it held a working interest and 11,500 properties in which it held an overriding royalty interest.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.