Short Term Price Target on Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (NYSE:CHK) : 13 investment research analysts covering Chesapeake Energy Corporation (NYSE:CHK) have an average price target of $4.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $1 for the short term. Analysts expect the variance to be within $2.07 of the average price.

Chesapeake Energy Corporation has lost 7.76% in the last five trading days and dropped 2.06% in the last 4 weeks. Chesapeake Energy Corporation is up 11.75% in the last 3-month period. Year-to-Date the stock performance stands at -4.89%. Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Chesapeake Energy Corporation (NYSE:CHK). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the 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) has an average broker rating of 3.84, which is interpreted as a Sell, as rated by 19 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 8 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $4.39 on Thursday but the bulls could not build on the opening and the stock topped out at $4.40 for the day. The stock traded down to $4.15 during the day, due to lack of any buying support eventually closed down at $4.28 with a loss of -3.17% for the day. The stock had closed at $4.42 on the previous day. The total traded volume was 35,427,895 shares.

In an insider trading activity, Ryan Thomas L, director of Chesapeake Energy Corp, executed a transaction worth $54,700 on November 19, 2015. A total of 10,000 shares were purchased at an average price of $5.47. The Insider information was divulged by the Securities and Exchange Commission 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.

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