Analyst Rating Update on Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : 20 analysts are covering Chesapeake Energy Corporation (CHK) and their average rating on the stock is 3.5, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 7 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Chesapeake Energy Corporation (CHK) : 12 investment research analysts covering Chesapeake Energy Corporation (CHK) have an average price target of $4.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $1 for the short term. Analysts expect the variance to be within $1.76 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Johnson Rice upgrades its rating on Chesapeake Energy Corporation (NYSE:CHK). The rating major has initiated the coverage with accumulate rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 26, 2016.


Chesapeake Energy Corporation (NYSE:CHK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.95 and $4.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.30. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.29, notching a gain of 7.96% for the day. The total traded volume was 49,722,075 . The stock had closed at $4.90 on the previous day.

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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