Chesapeake Energy Corporation (CHK) : Analyst Rating Update

Chesapeake Energy Corporation (CHK) has an average broker rating of 3.84, which is interpreted as a Sell, as rated by 19 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 8 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

Chesapeake Energy Corporation (CHK) : 13 investment research analysts covering Chesapeake Energy Corporation (CHK) have an average price target of $4.92 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $1 for the short term. Analysts expect the variance to be within $2.07 of the average price.

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 $4.26 and $4.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.35, notching a gain of 1.16% for the day. The total traded volume was 24,467,420 . The stock had closed at $4.30 on the previous day.

Also, Deutsche Bank maintains their rating on the shares of Chesapeake Energy Corporation (NYSE:CHK). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $4 per share from $7 per share. The rating by the firm was issued on June 14, 2016. The company shares have dropped -61.98% from its 1 Year high price. On Jul 10, 2015, the shares registered one year high at $11.88 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $4.31 and the 200 Day Moving Average price is recorded at $4.20.

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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