Chesapeake Energy Corp. (CHK) concluded trading on 01/11/24 at a closing price of $79.62, with 7.77 million shares of worth about $618.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.53% during that period and on Thursday the price saw a gain of about 3.16%. Currently the company’s common shares owned by public are about 134.72M shares, out of which, 108.82M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 53,923 shares in 11 of the transactions. In 14 selling transactions, insiders dumped 10,138 shares.
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Chesapeake Energy Corp. (NASDAQ: CHK) started trading at $79.97, above $2.79 from concluding price of the previous day. However, the stock later moved at a day high price of 82.99, or with a gain of 3.16%. Stock saw a price change of 3.46% in past 5 days and over the past one month there was a price change of 6.02%. Year-to-date (YTD), CHK shares are showing a performance of 3.48% which decreased to -8.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.13 but also hit the highest price of $91.57 during that period. The average intraday trading volume for Chesapeake Energy Corp. shares is 1.67 million. The stock is currently trading 3.46% above its 20-day simple moving average (SMA20), while that difference is up 0.11% for SMA50 and it goes to -2.71% lower than SMA200.
Chesapeake Energy Corp. (NASDAQ: CHK) currently have 134.72M outstanding shares and institutions hold larger chunk of about 93.60% of that.
The stock has a current market capitalization of $10.44B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 2.16, while it has posted earnings per share of $36.82 in the same period. It has Quick Ratio of 1.56 while making debt-to-equity ratio of 0.21. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHK, volatility over the week remained 3.73% while standing at 2.53% over the month.
Analysts are in expectations that Chesapeake Energy Corp. (CHK) stock would likely to be making an EPS of $0.86 in the current quarter, while forecast for next quarter EPS is $1.17 and it is $4.12 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.52 which is $1.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $4.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -73.59% while it is estimated to decrease by -3.53% in next year. EPS is likely to grow at an annualized rate of -13.86% for next 5-years, compared to annual growth of -28.62% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Chesapeake Energy Corp. (CHK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.94. Out of those 18 Wall Street analysts, 9 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on January 03, 2024 offering a Neutral rating for the stock and assigned a target price of $96 to it.
