As of Wednesday close, Chesapeake Energy Corporation’s (NASDAQ:CHK) stock was up $1.44, moving up 1.67 percent to $87.80. The average number of shares traded per day over the past five days has been 1,199,960 shares. 3 times new highs have been achieved over the past 5 days, with a $2.90 gain in that time frame. In the last twenty days, the average volume was 2,818,645, while in the previous 50 days, it was 1,865,634.
Since last month, CHK stock rose 3.97%. Shares of the company fell to $81.10 on 08/02/23, the lowest level in the past month. A 52-week high of $103.40 was reached on 01/03/23 after having rallying from a 52-week low of $69.13. Since the beginning of this year, CHK’s stock price has dropped by -5.39% or -$6.57, and marked a new high 1 time. However, the stock has declined by -15.09% since its 52-week high.
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Valuation Metrics
Right now, Chesapeake Energy Corporation (CHK) has a P/E ratio of about 2.09. The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 1.13, and the price-to-cash flow ratio of 6.88 may also be considered.
The latest dividend of $0.5750 per share was paid out, which is -51.27% less than last year’s $1.18. On Tuesday August 1 2023, a $0.6050 dividend decrease was announced.
Financial Health
In the three months ended June 29, Chesapeake Energy Corporation’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.20, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 85.40% percent. In the year ended June 29, EBITDA margin amounted to 56.06%, whereas operating margins totaled 47.40%. Based on annual data, CHK earned $3.78 billion in gross profit and brought in $11.74 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 41.40%. Return on equity (ROE) for the past 12 months was 68.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Chesapeake Energy Corporation to report $0.42 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by 52.40%. During the quarter, the company generated $893.0 million in EBITDA. The liabilities of Chesapeake Energy Corporation were 4.03 billion at the end of its most recent quarter ended June 29, and its total debt was $2.12 billion. The value of shareholders’ equity is $132.36 million.
Technical Picture
This quick technical analysis looks at Chesapeake Energy Corporation’s (CHK) price momentum. With a historical volatility rate of 14.87%, the RSI 9-day stood at 65.33% on 30 August.
With respect to its five-day moving average, the current Chesapeake Energy Corporation price is up by +3.42% percent or $2.90. At present, CHK shares trade +6.44% above its 20-day simple moving average and +16.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.38% above its SMA50 and -13.76% below its SMA200.
Stochastic coefficient K was 72.85% and Stochastic coefficient D was 59.39%, while ATR was 1.89. Given the Stochastic reading of 94.71% for the 14-day period, the RSI (14) reading has been calculated as 61.26%. As of today, the MACD Oscillator reading stands at 0.66, while the 14-day reading stands at 1.26.
Analyst Ratings
Chesapeake Energy Corporation downgraded its rating on Chesapeake Energy Corporation (NASDAQ: CHK) to a Neutral in a note to investors on August 16, 2023. The analysts firm previously had an Overweight rating on the stock.Chesapeake Energy Corporation (CHK) has been rated Overweight by analysts. According to 0 brokerage firms, CHK is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Chesapeake Energy Corporation stock as buy, with 13 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $85.00 – $144.00. Based on these forecasts, analysts predict Chesapeake Energy Corporation (CHK) will achieve an average price target of $106.30.
