Chesapeake Energy Corporation (CHK): Price Target and June Short Interest Disclosure

Chesapeake Energy Corporation (CHK) : 13 Wall Street analysts covering Chesapeake Energy Corporation (CHK) believe that the average level the stock could reach for the short term is $4.92. The maximum price target given is $9 and the minimum target for short term is around $1, hence the standard deviation is calculated at $2.07.

Chesapeake Energy Corporation (CHK), A increase of 8,294,988 shares or 8.6% was observed in the short interest of Chesapeake Energy Oklahoma The interest on June 30,2016 came in at 104,533,842 shares and as per the average daily trading of 32,698,230 shares, the days to cover are 3. The increased interest is 14.9% of the floated shares. The data of June 15,2016 put the interest at 96,238,854 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Deutsche Bank maintains its rating on Chesapeake Energy Corporation (NYSE:CHK).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $7 per share to $4 per share. 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 $4.43, the bulls momentum made the stock top out at $4.58 level for the day. The stock recorded a low of $4.37 and closed the trading day at $4.5, in the green by 3.45%. The total traded volume for the day was 40,486,223. The stock had closed at $4.35 in the previous days trading.

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.

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