The price-to-earnings ratio for Chesapeake Energy Corp. (NASDAQ: CHK) is 11.93x, which is above its average ratio. Moreover, the 36-month beta value for CHK is 0.50. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 19 as “hold,” and 5 as “sell.”
The public float for CHK is 108.73M and currently, short sellers hold a 14.59% of that float. On May 08, 2024, CHK’s average trading volume was 1.94M shares.
CHK) stock’s latest price update
The stock price of Chesapeake Energy Corp. (NASDAQ: CHK) has dropped by -0.52 compared to previous close of 89.08. Despite this, the company has seen a fall of -1.40% in its stock price over the last five trading days. MarketBeat reported 2024-05-01 that Professional traders often say that the first move is always wrong; how much traction that saying has over shares of Chesapeake Energy Co. NASDAQ: CHK is up for debate. After reporting its first quarter 2024 earnings, arguably the most critical earnings as they set the tone for the rest of the year, a decline in the stock price could be an opportunity in disguise.
CHK’s Market Performance
Chesapeake Energy Corp. (CHK) has seen a -1.40% fall in stock performance for the week, with a -1.74% decline in the past month and a 16.56% surge in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 2.38% for CHK. The simple moving average for the last 20 days is -0.23% for CHK’s stock, with a simple moving average of 6.40% for the last 200 days.
Analysts’ Opinion of CHK
Many brokerage firms have already submitted their reports for CHK stocks, with Barclays repeating the rating for CHK by listing it as a “Equal Weight.” The predicted price for CHK in the upcoming period, according to Barclays is $102 based on the research report published on April 10, 2024 of the current year 2024.
Mizuho gave a rating of “Buy” to CHK, setting the target price at $104 in the report published on January 12th of the current year.
CHK Trading at 2.27% 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 -5.30% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.10% upper at present.
During the last 5 trading sessions, CHK fell by -1.40%, which changed the moving average for the period of 200-days by +6.66% in comparison to the 20-day moving average, which settled at $88.76. In addition, Chesapeake Energy Corp. saw 15.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CHK
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.52 for the gross margin
The net margin for Chesapeake Energy Corp. stands at 0.18. The total capital return value is set at 0.1. Equity return is now at value 10.07, with 7.38 for asset returns.
Based on Chesapeake Energy Corp. (CHK), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 29.43.
Currently, EBITDA for the company is 3.98 billion with net debt to EBITDA at 0.38. When we switch over and look at the enterprise to sales, we see a ratio of 2.15. The receivables turnover for the company is 18.51for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
To wrap up, the performance of Chesapeake Energy Corp. (CHK) has been mixed in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
