Chesapeake Energy Corporation (NASDAQ: CHK) has a price-to-earnings ratio of 2.26x that is above its average ratio. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The average price predicted by analysts for CHK is $116.17, which is $48.53 above the current price. The public float for CHK is 128.43M and currently, short sellers hold a 6.12% ratio of that float. The average trading volume of CHK on March 16, 2023 was 1.62M shares.
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CHK) stock’s latest price update
Chesapeake Energy Corporation (NASDAQ: CHK)’s stock price has decreased by -4.10 compared to its previous closing price of 74.72. However, the company has seen a -8.63% decrease in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/21/23 that Chesapeake to Sell Shale Oil Assets to Ineos for $1.4 Billion
CHK’s Market Performance
CHK’s stock has fallen by -8.63% in the past week, with a monthly drop of -13.39% and a quarterly drop of -26.95%. The volatility ratio for the week is 4.18% while the volatility levels for the last 30 days are 3.79% for Chesapeake Energy Corporation The simple moving average for the last 20 days is -10.08% for CHK stock, with a simple moving average of -20.65% for the last 200 days.
Analysts’ Opinion of CHK
Many brokerage firms have already submitted their reports for CHK stocks, with Wells Fargo repeating the rating for CHK by listing it as a “Equal Weight.” The predicted price for CHK in the upcoming period, according to Wells Fargo is $87 based on the research report published on March 03rd of the current year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see CHK reach a price target of $90. The rating they have provided for CHK stocks is “Neutral” according to the report published on February 08th, 2023.
Wells Fargo gave a rating of “Overweight” to CHK, setting the target price at $117 in the report published on January 25th of the current year.
CHK Trading at -14.71% from the 50-Day Moving Average
After a stumble in the market that brought CHK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.25% of loss for the given period.
Volatility was left at 3.79%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares sank -14.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.06% lower at present.
During the last 5 trading sessions, CHK fell by -8.63%, which changed the moving average for the period of 200-days by -28.48% in comparison to the 20-day moving average, which settled at $79.55. In addition, Chesapeake Energy Corporation saw -23.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHK starting from Wichterich Michael, who purchase 2,000 shares at the price of $85.65 back on Jun 27. After this action, Wichterich Michael now owns 25,318 shares of Chesapeake Energy Corporation, valued at $171,300 using the latest closing price.
DELL’OSSO DOMENIC J JR, the President and CEO of Chesapeake Energy Corporation, purchase 3,000 shares at $82.04 during a trade that took place back on Jun 24, which means that DELL’OSSO DOMENIC J JR is holding 35,891 shares at $246,126 based on the most recent closing price.
Stock Fundamentals for CHK
Current profitability levels for the company are sitting at:
- +43.65 for the present operating margin
- +45.00 for the gross margin
The net margin for Chesapeake Energy Corporation stands at +34.95. Equity return is now at value 73.00, with 34.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
In conclusion, Chesapeake Energy Corporation (CHK) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
