Brokerage Firm Rating Update on Chesapeake Energy Corporation (CHK)

Chesapeake Energy Corporation (CHK) : 19 analysts are covering Chesapeake Energy Corporation (CHK) and their average rating on the stock is 3.42, 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, 6 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) stock is expected to deviate a maximum of $1.31 from the average target price of $5.5 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $3.


Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank maintains its rating on Chesapeake Energy Corporation (NYSE:CHK). The global brokerage major raises the current price target from $5 per share to $6 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on August 18, 2016.

Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $6.94 and touched an intraday high of $6.95 on Wednesday. During the day, the stock corrected to an intraday low of $6.76, however, the bulls stepped in and pushed the price higher to close in the green at $6.81 with a gain of 0.15% for the day. The total traded volume for the day was 28,037,524. The stock had closed at $6.8 in the previous trading session.

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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