Should You Buy Chesapeake Energy Corporation (NYSE:CHK) On Current Analyst Views?

Chesapeake Energy Corporation

Oil prices surged on Monday (10 April 2017) : Chesapeake Energy Corporation (NYSE:CHK)

According to sentiments of 30 analysts the mean estimates of short term price target for the company's stock is marked at $7.31.

A number of equities research analysts recently weighed in on the company.

Separately, Zacks Investment Research upgraded shares of Chesapeake Utilities from a "sell" rating to a "hold" rating in a report on Tuesday, March 14th. "I don't know that I expect $70 oil and $4 natural gas again - but there is room for higher energy prices in the current economic climate". It has been assigned a low target price of $2.5 and a high target price of $11. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Seaport Global initiated it with "Neutral" rating and $65 target in Friday, December 2 report. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. The stock's price moved up its 200-day moving average of $15.03. Chesapeake Energy has a 52 week low of $3.56 and a 52 week high of $8.20. The company has market cap of $25.45 million.

During last 5 trades the stock sticks nearly -2.22%. This is an increase of 106% compared to the average daily volume of 19,156 call options. Annual earnings per share (EPS) growth was at -36.80% in past 5 Years and Long-term annual earnings per share (EPS) growth is projected to achieve 5.00% in coming 5 years. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.09 billion.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. During the same quarter in the prior year, the firm earned ($0.16) EPS.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/04/13/chesapeake-energy-co-chk-now-covered-by-analysts-at-stifel-nicolaus-2-updated.html. The 1-year high was reported on April, 12 by Barchart.com. The shares were acquired at an average cost of $5.24 per share, for a total transaction of $2,620,000.00. Following the completion of the sale, the vice president now directly owns 23,608 shares of the company's stock, valued at approximately $1,652,560. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. CHK's profit will be $153.03 million for 9.28 P/E if the $0.17 EPS becomes a reality.

United States of America based company, Chesapeake Energy Corporation (CHK)'s latest closing price distance was 1.65% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 6.90% and 10.16% compared with the 20 Day Moving Average. New York State Common Retirement Fund has 0% invested in Chesapeake Utilities Corporation (NYSE:CPK) for 26,257 shares. National Planning Corp boosted its position in Chesapeake Energy by 13.8% in the fourth quarter. Beta value of the stock stands at 1.93. The Unregulated Energy segment includes its propane distribution, propane and crude oil wholesale marketing, natural gas marketing and unregulated natural gas supply, gathering and processing, electricity and steam generation and other unregulated energy-related services to customers. The Company operates through two segments: Regulated Energy and Unregulated Energy.

Please note that Chesapeake Utilities Corporation has no affiliation with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

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