Chesapeake Energy Corporation found using ticker (CHK) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 115 and 84 calculating the mean target price we have 95.27. With the stocks previous close at 70.1 this would imply there is a potential upside of 35.9%. The 50 day moving average now sits at 64.14 and the 200 day MA is 57.19. The company has a market capitalisation of $8,375m. Company Website: https://www.chk.com
The potential market cap would be $11,383m based on the market concensus.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. The company holds interests in natural gas resource plays, including the Marcellus in Northern Appalachian Basin in Pennsylvania; Haynesville located in Northwestern Louisiana; Eagle Ford in South Texas; Brazos Valley in Southeast Texas; and Powder River Basin in Wyoming. As of December 31, 2020, it owned interests in approximately 7,400 oil and natural gas wells, including 5,900 properties with working interest and 1,500 properties with royalty interest; and had estimated proved reserves of 60 Mmboe. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.
