Chesapeake Energy Corporation (CHK) : Traders are bullish on Chesapeake Energy Corporation (CHK) as it has outperformed the S&P 500 by a wide margin of 18.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.78%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.09% in the last 1 week, and is up 18.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 16.46% and the fifty day Moving Average is 29.39%. Chesapeake Energy Corporation is up 53.85% in the last three month period. Year-to-Date the stock performance stands at 42.22%.
Chesapeake Energy Corporation (CHK) : 12 investment research analysts covering Chesapeake Energy Corporation (CHK) have an average price target of $5.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $3 for the short term. Analysts expect the variance to be within $1.31 of the average price.
Chesapeake Energy Corporation (NYSE:CHK): stock turned positive on Friday. Though the stock opened at $6.37, the bulls momentum made the stock top out at $6.54 level for the day. The stock recorded a low of $6.345 and closed the trading day at $6.4, in the green by 1.11%. The total traded volume for the day was 34,761,665. The stock had closed at $6.33 in the previous days trading.
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.