Chesapeake Energy Corporation (NYSE:CHK) share price soared 6.76% or 0.40 points to reach at $6.32 during previous trading session. The stock’s price fluctuated within the range of $5.83 – $6.33 during previous trading session. A total of 73.28M shares exchanged hands, whereas the company’s average trading volume stands at 41.27M shares. Chesapeake Energy Corporation (NYSE:CHK) has a market capitalization of $5.71B and most recently 906.83M outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Chesapeake Energy Corporation (NYSE:CHK) is at 68.11.
According to sentiments of 30 analysts the mean estimates of short term price target for the company’s stock is marked at $7.29. The most optimistic analyst sees the stock reaching $11.00 while the most conventional predicts the target price at $2.50.
The consensus means EPS for the current quarter is at $0.19 derived from a total of 27 estimates. According to analysts minimum EPS for the current quarter is expected at $0.1 and can go high up to $0.34. However a year ago during same quarter Chesapeake Energy Corporation (NYSE:CHK) reported -$0.1 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.15 per share according to consensus of 26 analysts.
According to sentiments of 9 analysts the company is expected to report revenues of $2.33B for the current quarter. Bearish revenue estimates established at $2.06B while the bullish revenue forecast has been figured out at $2.55B.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.81 on the shares of Chesapeake Energy Corporation (NYSE:CHK). Out of rating recommendations 3 have given the stock a Buy while 5 recommend the stock as Outperform. 24 have given the stock a Hold rating, 4 as Underperform and 0 as Sell.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Chesapeake Energy Corporation (NYSE:CHK) distance from 20 day simple moving average is 18.27% whereas its distance from 50 day simple moving average is 7.97% along with 4.66% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value is the 52 week price high and low levels. Chesapeake Energy Corporation (NYSE:CHK) shares were trading -22.93% below from the 52-week high mark of $8.20 and 79.04% above from the 52-week bottom of $3.53. The stock hit its 52-week high price on 12/12/16, and 52-week low price on 04/07/16.
When we have a peek on stock’s historical trends we come to know that, the stock has climbed 17.25% in the past one week and soared 18.13% during previous one month drive, the stock went down -8.67% during past quarter. In the last six months the stock’s performance fell -1.25% while yearly performance of the company advanced 68.09%. The company’s year to date (YTD) performance is at -9.97%.
While taking a glance at financials, we can look at a number of key indicators. Chesapeake Energy Corporation (NYSE:CHK) has a Return on Assets (ROA) of -36.20%. The company currently has a Return on Equity (ROE) of 160.80% and a Return on Investment (ROI) of -56.90%. Average true range (ATR-14) of the company sets at 0.27, along with its weekly and monthly volatility of 6.29%, 4.84% respectively. Beta value of the stock stands at 2.00.
The company’s quick ratio for most recent quarter is 0.60 along with current ratio for most recent quarter of 0.60.