What Are Wall Street’s Thoughts On Chesapeake Energy Corporation Shares (CHK)?


The stock of Chesapeake Energy Corporation (NASDAQ:CHK) increased by $1.15 on Wednesday to $103.33, up 1.13 percent. The last five days have seen an average of 1,116,035 shares of common stock traded. 29 times new highs were reached in the current year, with a gain of $38.36. The average number of shares traded over the last 20 days was 1,729,819, while the average volume over the last 50 days totaled 1,918,099.

CHK stock appreciated 8.42% since last month. On 11/21/22, the company’s shares reached a one-month low of $94.04. The stock touched a high of $104.58 on 11/02/22, after rallying from a low of $52.30 in 52 weeks. The price of CHK stock has risen by 71.85% or $38.36 this year, reaching a new high 29 times. Still, the stock price is down -1.19% from the 52-week high.

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Insider Transactions

CHK stock investors should be aware that Chesapeake Energy Corporation (CHK) stock had its last reported insider trading activity 149 days ago on Jun 27. On Jun 27, Executive Chairman Wichterich Michael acquired 2,000 shares at $85.65 each. This transaction resulted in the insider spending $171,300. On Jun 24, Wichterich Michael added 3,000 shares at a price of US$81.50. After the transaction, the insider now owns 23,318 shares. President and CEO DELL’OSSO DOMENIC J JR had earlier bought 3,000 shares on Jun 24 for $82.04 a share. The transaction was completed for $246,126.

Valuation Metrics

Chesapeake Energy Corporation (CHK) has a trailing price-to-earnings (P/E) ratio of 6.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 1.95, and the price-to-cash flow ratio of 11.21.

Company paid $3.16 per share in dividends, an increase of 36.21% from $2.32 last year. A $0.84 dividend increase was reported on Tuesday November 1 2022.

Financial Health

For the three months ended September 29, Chesapeake Energy Corporation’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 83.30% percent. Chesapeake Energy Corporation’s operating margin stood at 28.60% for the same period. Based on annual data, it had gross profit of $704.0 million and revenue of $5.81 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CHK’s return on assets (ROA) during the last 12 months has been 21.30%. There was a 80.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 48.10%.

Earnings Surprise

According to Chesapeake Energy Corporation’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Chesapeake Energy Corporation’s quarterly earnings would be $5.06, but it ended up being $4.44, beating the consensus by 14.00%. EBITDA was $1.45 billion for the quarter. At the end of Chesapeake Energy Corporation’s most recent quarter ended September 29, its liabilities totaled 7.74 billion, while its total debt was $2.75 billion. Equity owned by shareholders amounts to $133.97 million.

Technical Picture

Here’s a quick look at Chesapeake Energy Corporation’s (CHK) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 56.88%, suggesting the stock is Neutral, with a 35.96% historical volatility rate.

The stochastic %K and %D were 56.50% and 40.42% respectively, while the average true range (ATR) was 3.94. Based on the 14-day stochastic reading of 72.40%, the RSI (14) reading is 54.76%. On the 9-day MACD Oscillator, the stock is at 0.45, and the 14-day reading is at -0.08.

Analyst Ratings

In its analyst report released on October 19, 2022, Jefferies began covering Chesapeake Energy Corporation (NASDAQ: CHK). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Chesapeake Energy Corporation (CHK) an Buy rating. CHK is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.

What is CHK’s price target for the next 12 months?

The current consensus forecast for the stock is between $120.00 and $190.00, with a median target price of $140.00. In analyzing these forecasts, the average price target given by analysts for Chesapeake Energy Corporation (CHK) is $146.71.


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