Chesapeake Energy Corporation with ticker code (CHK) now have 9 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 193 and 102 calculating the average target price we see 128.22. Now with the previous closing price of 100.2 this now indicates there is a potential upside of 28.0%. The day 50 moving average is 89.14 and the 200 day MA is 70.93. The market capitalisation for the company is $13,119m. Visit the company website at: https://www.chk.com
The potential market cap would be $16,788m 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.
