Chesapeake Energy Corporation with ticker code (CHK) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 231 and 111 with the average target price sitting at 143.17. With the stocks previous close at 102.78 this would indicate that there is a potential upside of 39.3%. The 50 day moving average now sits at 92.29 while the 200 day moving average is 81.86. The market capitalisation for the company is $12,548m. Find out more information at: https://www.chk.com
The potential market cap would be $17,479m 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.
