Chesapeake Energy Corporation (NASDAQ:CHK) finished Wednesday with a subtraction of -$1.17 to close at $84.90, a downside of -1.36 percent. An average of 7,043,520 shares of common stock have been traded in the last five days. There was a gain of $2.32 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,991,370 shares traded, while the 50-day average volume stands at 1,859,544.
CHK stock has increased by 2.44% in the last month. The company shares reached their 1-month lowest point of $81.10 on 08/02/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $69.13 and a high of $103.40 in 52 weeks. It has reached a new high 1 time so far this year and lost -8.52% or -$9.47 in price. In spite of this, the price is down -17.90% from the 52-week high.
Valuation Metrics
Chesapeake Energy Corporation (CHK) has a trailing price-to-earnings (P/E) ratio of 2.02. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 1.09, and the price-to-cash flow ratio at 6.73.
The company has a payout ratio of 23.80%. The company’s most recent quarterly dividend payment was $0.5750 a share, representing a down of -51.27% from $1.18 last year. Its latest decrease dividend $0.6050 reported on Tuesday August 1 2023.
Financial Health
The quick ratio of Chesapeake Energy Corporation for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.20 for the quarter ending June 29. Chesapeake Energy Corporation’s EBITDA margin for the year ending June 29 is 56.06%, while its operating margin for the same period stands at 47.40%. Its gross profit as reported stood at $3.78 billion compared to revenue of $11.74 billion.
Earnings Surprise
The analyst consensus anticipated Chesapeake Energy Corporation’s latest quarter earnings to come in at $0.42 per share, but it turned out to be $0.64, a 52.40% surprise. For the quarter, EBITDA amounted to $893.0 million. Shareholders own equity worth $132.36 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 23 August was 49.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.25%.
As of today, CHK’s price is $85.99 +2.81% or $2.32 from its 5-day moving average. CHK is currently trading +1.90% higher than its 20-day SMA and +13.23% higher than its 100-day SMA. However, the stock’s current price level is +7.55% above the SMA50 and -14.35% below the SMA200.
The stochastic %K and %D were 59.46% and 63.14%, respectively, and the average true range (ATR) was 2.03. With the 14-day stochastic at 45.90% and the average true range at 2.06, the RSI (14) stands at 51.47%. The stock has reached 0.95 on the 9-day MACD Oscillator while the 14-day reading was at 0.39.
Analyst Ratings
JP Morgan downgraded Chesapeake Energy Corporation (NASDAQ: CHK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Chesapeake Energy Corporation (CHK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CHK, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 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 $85.00 and $144.00, with a median target of $100.00. Taking a look at these predictions, the average price target given by analysts for Chesapeake Energy Corporation (CHK) stock is $106.10.
