Chesapeake Energy Corp. [NASDAQ: CHK] stock went on a downward path that fall over -3.56% on Wednesday, amounting to a one-week price decrease of less than -4.42%.
Over the last 12 months, CHK stock rose by 6.24%. The one-year Chesapeake Energy Corp. stock forecast points to a potential upside of 17.79. The average equity rating for CHK stock is currently 1.95, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.36 billion, with 130.79 million shares outstanding and 108.73 million shares in the current float. Compared to the average trading volume of 1.87M shares, CHK stock reached a trading volume of 4025387 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Chesapeake Energy Corp. [CHK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHK shares is $105.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHK stock is a recommendation set at 1.95. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Chesapeake Energy Corp. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 10, 2024. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Sector Weight. The new note on the price target was released on April 04, 2024, representing the official price target for Chesapeake Energy Corp. stock. Previously, the target price had yet another raise from $96 to $104, while Mizuho kept a Buy rating on CHK stock. On January 12, 2024, analysts increased their price target for CHK shares from 82 to 95.
The Average True Range (ATR) for Chesapeake Energy Corp. is set at 2.09, with the Price to Sales ratio for CHK stock in the period of the last 12 months amounting to 1.94. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 13.66. Price to Free Cash Flow for CHK in the course of the last twelve months was 20.62 with Quick ratio for the last quarter at 1.99.
CHK Stock Performance Analysis:
Chesapeake Energy Corp. [CHK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.42. With this latest performance, CHK shares dropped by -2.57% in over the last four-week period, additionally plugging by 1.26% over the last 6 months – not to mention a rise of 6.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CHK stock in for the last two-week period is set at 44.07, with the RSI for the last a single of trading hit 37.70, and the three-weeks RSI is set at 48.33 for Chesapeake Energy Corp. [CHK]. The present Moving Average for the last 50 days of trading for this stock 86.39, while it was recorded at 90.61 for the last single week of trading, and 83.21 for the last 200 days.
Insight into Chesapeake Energy Corp. Fundamentals:
Chesapeake Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.99 and a Current Ratio set at 1.99.
CHK Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CHK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Chesapeake Energy Corp. go to 26.50%.
Chesapeake Energy Corp. [CHK] Institutonal Ownership Details
The top three institutional holders of CHK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CHK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CHK stock with ownership which is approximately 5.8386%.
