Chesapeake Energy Corporation with ticker code (CHK) have now 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 190 and 120 calculating the average target price we see 147.07. Now with the previous closing price of 102.94 this would indicate that there is a potential upside of 42.9%. The 50 day moving average now sits at 99.41 while the 200 day moving average is 91.2. The company has a market capitalisation of $13,161m. Visit the company website at: https://www.chk.com
The potential market cap would be $18,804m 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.
