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 Wall Street analysts covering Chesapeake Energy Corporation (CHK) believe that the average level the stock could reach for the short term is $4.83. The maximum price target given is $8 and the minimum target for short term is around $1, hence the standard deviation is calculated at $1.7.
Company shares have received an average consensus rating of Hold for the current week Chesapeake Energy Corporation (NYSE:CHK): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.09 and $4.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.03, notching a gain of 4.79% for the day. The total traded volume was 70,380,561 . The stock had closed at $4.80 on the previous day.
In a related news, Ryan Thomas L, director of Chesapeake Energy Corp had purchased 10,000 shares on November 19, 2015 in a transaction. The price per share was $5.47 and the total amount of the disclosed transaction was $54,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.