Chesapeake Energy Corporation with ticker code (CHK) have now 11 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 179 and 106 calculating the mean target price we have 129.36. With the stocks previous close at 89.75 this is indicating there is a potential upside of 44.1%. There is a 50 day moving average of 88.79 and the 200 moving average now moves to 76.44. The company has a market cap of $11,741m. Company Website: https://www.chk.com
The potential market cap would be $16,922m 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.
