Chesapeake Energy Corporation with ticker code (CHK) now have 16 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 160 and 90 with the average target price sitting at 127.25. With the stocks previous close at 83.91 this indicates there is a potential upside of 51.7%. The day 50 moving average is 90.18 and the 200 day MA is 93.83. The market capitalisation for the company is $10,730m. Visit the company website at: https://www.chk.com
The potential market cap would be $16,272m 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.
