Chesapeake Energy Corporation (CHK) has risen sharply, recording gains of 20.69% in the past 4 weeks. However, the stock has corrected -3.54% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 23.18% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 9.05% and the 50-Day Moving Average is 29.93%.The 200 Day SMA reached 60.61% Chesapeake Energy Corporation is up 62.97% in the last 3-month period. Year-to-Date the stock performance stands at 63.33%.
Chesapeake Energy Corporation (CHK) : The consensus price target for Chesapeake Energy Corporation (CHK) is $6.23 for the short term with a standard deviation of $2.39. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $11, however, the pessimist price target for the company is $3.
Company shares have received an average consensus rating of Hold for the current week Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $7.09 and touched an intraday high of $7.37 on Friday. During the day, the stock corrected to an intraday low of $7.06, however, the bulls stepped in and pushed the price higher to close in the green at $7.35 with a gain of 1.38% for the day. The total traded volume for the day was 46,617,667. The stock had closed at $7.25 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.