Chesapeake Energy Corporation (CHK) Receives ‘Analyst’ Rating

Chesapeake Energy Corporation (CHK) : The consensus on Chesapeake Energy Corporation (CHK) based on 20 analyst recommendation on the company stock is 3.4, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 7 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Chesapeake Energy Corporation (CHK).

Chesapeake Energy Corporation (CHK) : Currently there are 13 street experts covering Chesapeake Energy Corporation (CHK) stock. The most bullish and bearish price target for the stock is $11 and $3 respectively for the short term. The average price target of all the analysts comes to $6. The estimated standard deviation from the target is $2.24.


Also, Wunderlich upgrades 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 Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. Wunderlich raises the price target from $6 per share to $10 per share on Chesapeake Energy Corporation. The rating by the firm was issued on September 9, 2016.

Chesapeake Energy Corporation (NYSE:CHK): After opening at $7.2, the stock dipped to an intraday low of $7.1 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.38 and the buying power remained strong till the end. The stock closed at $7.25 for the day, a gain of 1.12% for the day session. The total traded volume was 39,629,509. The stocks close on the previous trading day was $7.17.

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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