Chesapeake Energy Corporation (NYSE:CHK) had its stock price target raised to $6.00 by UBS Securities in a report released 10/21/2016. The new target price indicates a potential downside of -0.10% from the company's most recent stock price close.
On 9/13/2016, FBR & Co. released a statement on Chesapeake Energy Corporation (NYSE:CHK) bumped up the target price from $0.00 to $5.00. At the time, this indicated a possible downside of -0.38%.
Yesterday Chesapeake Energy Corporation (NYSE:CHK) traded 0.43% higher at $6.70. Chesapeake Energy Corporation’s 50-day average is $6.73 and its two hundred day average is $5.41. With the last close up 28.18% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 21,932,968 shares of CHK changing hands under the typical 51,961,100
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Chesapeake Energy Corporation has 52 week low of $1.50 and a one year high of $8.15 and has a total market value of $0.
A total of 25 equity analysts have released a ratings update on CHK. zero equity analysts rating the company a strong buy, zero firms rating the stock a buy, 0 firms rating the stock a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $4.44.
Brief Synopsis On Chesapeake Energy Corporation (NYSE:CHK)
Chesapeake Energy Corporation (Chesapeake) 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 segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. It has positions in resource plays of the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle, and the Niobrara Shale in the Powder River Basin in Wyoming. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania, and the Barnett Shale in the Fort Worth Basin of north-central Texas.
The post A report released today by UBS Securities about Chesapeake Energy Corporation (NYSE:CHK) raises the target price to $6.00 appeared first on Octafinance.