Chesapeake Energy Corporation (CHK) has risen sharply, recording gains of 15.33% in the past 4 weeks. However, the stock has corrected -9.78% 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 12.53% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $5.18 on Friday but the bulls could not build on the opening and the stock topped out at $5.19 for the day. The stock traded down to $4.86 during the day, due to lack of any buying support eventually closed down at $4.89 with a loss of -4.68% for the day. The stock had closed at $5.13 on the previous day. The total traded volume was 50,875,815 shares.
The stock has recorded a 20-day Moving Average of 0.65% and the 50-Day Moving Average is 6.6%. Chesapeake Energy Corporation is up 6.54% in the last 3-month period. Year-to-Date the stock performance stands at 8.67%.
Chesapeake Energy Corporation (CHK) : The most positive equity analysts on Chesapeake Energy Corporation (CHK) expects the shares to touch $8, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $4.75 with an expected fluctuation of $1.76 from the mean.
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.