Analysts’ Views On Chesapeake Energy Corporation (CHK)

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Chesapeake Energy Corporation (NASDAQ:CHK) finished Friday with a subtraction of -$0.21 to close at $94.37, a downside of -0.22 percent. An average of 904,460 shares of common stock have been traded in the last five days. There was a gain of $0.49 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,618,935 shares traded, while the 50-day average volume stands at 1,835,350.

CHK stock has decreased by -8.82% in the last month. The company shares reached their 1-month lowest point of $92.60 on 12/29/22. With the stock rallying to its 52-week high on 11/02/22, shares of the company touched a low of $56.63 and a high of $105.15 in 52 weeks. It has reached a new high 29 times so far this year and achieved 58.71% or $29.85 in price. In spite of this, the price is down -10.25% 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 219 days ago on Jun 27. In this transaction, the insider spent $14,655,751. Former 10% Owner, Blackstone Holdings III L.P., disposed of 145,764 shares at a price of $100.54 on May 26. The insider now owns more than $14,655,751 worth of shares. Prior to that, Former 10% Owner Blackstone Holdings III L.P. went on to Sale 4,236 shares at $100.11 each on May 25. An amount of $424,054 was transacted.

Valuation Metrics

Chesapeake Energy Corporation (CHK) has a trailing price-to-earnings (P/E) ratio of 5.74. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.17, the price-to-book (PB) ratio at 1.80, and the price-to-cash flow ratio at 9.88.

The company has a payout ratio of 6.40%. The company’s most recent quarterly dividend payment was $3.16 a share, representing a up of 36.21% from $2.32 last year. Its latest increase dividend $0.84 reported on Tuesday November 1 2022.

Financial Health

The quick ratio of Chesapeake Energy Corporation for the three months ended September 29 was 0.50, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.43 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $704.0 million compared to revenue of $5.81 billion.

Earnings Surprise

The analyst consensus anticipated Chesapeake Energy Corporation’s latest quarter earnings to come in at $4.44 per share, but it turned out to be $5.06, a 14.00% surprise. For the quarter, EBITDA amounted to $1.45 billion. Shareholders own equity worth $133.97 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Chesapeake Energy Corporation (CHK) price momentum. RSI 9-day as of the close on 30 December was 43.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.51%.

As of today, CHK’s price is $95.73 +0.52% or $0.49 from its 5-day moving average. CHK is currently trading -7.64% lower than its 20-day SMA and -0.27% lower than its 100-day SMA. However, the stock’s current price level is -5.18% below the SMA50 and +22.54% above the SMA200.

The stochastic %K and %D were 15.46% and 28.12%, respectively, and the average true range (ATR) was 3.30. With the 14-day stochastic at 18.15% and the average true range at 3.47, the RSI (14) stands at 44.46%. The stock has reached -1.66 on the 9-day MACD Oscillator while the 14-day reading was at -2.76.

Analyst Ratings

Jefferies launched coverage on Chesapeake Energy Corporation (NASDAQ: CHK) in its analyst report released on October 19, 2022. The firm assigned the stock a Buy rating. The consensus rating for Chesapeake Energy Corporation (CHK) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CHK, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.

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

Analysts predict a range of price targets between $115.00 and $185.00, with a median target of $144.00. Taking a look at these predictions, the average price target given by analysts for Chesapeake Energy Corporation (CHK) stock is $146.57.

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