Chesapeake Energy Corporation found using ticker (CHK) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 176 and 111 calculating the average target price we see 132.33. Given that the stocks previous close was at 103.66 this is indicating there is a potential upside of 27.7%. The 50 day moving average now sits at 89.78 while the 200 day moving average is 80.41. The company has a market capitalisation of $12,540m. You can visit the company’s website by visiting: https://www.chk.com
The potential market cap would be $16,009m based on the market concensus.
Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana; and the liquids-rich resource play in the Eagle Ford Shale in South Texas. As of December 31, 2021, it owned interests in approximately 8,200 gross productive wells, including 6,500 wells with working interest and 1,700 wells with an overriding or royalty interest; and had estimated proved reserves of 661 million barrels of oil equivalent. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
