Chesapeake Energy Corporation (NYSE:CHK) share price soared 1.11% or 0.07 points to reach at $6.38 during previous trading session. The stock’s price fluctuated within the range of $6.33 – $6.50 during previous trading session. A total of 29.30M shares exchanged hands, whereas the company’s average trading volume stands at 38.75M shares. Chesapeake Energy Corporation (NYSE:CHK) has a market capitalization of $5.84B and most recently 887.39M 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 40.97.
According to sentiments of 28 analysts the mean estimates of short term price target for the company’s stock is marked at $7.65. The most optimistic analyst sees the stock reaching $11 while the most conventional predicts the target price at $2.50.
The consensus mean EPS for the current quarter is at $0.07 derived from a total of 30 estimates. According to analysts minimum EPS for the current quarter is expected at $0.03 and can go high up to $0.25. However a year ago during same quarter Chesapeake Energy Corporation (NYSE:CHK) reported $-0.16 EPS.
For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.19 per share according to consensus of 23 analysts.
According to sentiments of 8 analysts the company is expected to report revenues of $2.09B for the current quarter. Bearish revenue estimates established at $2.02B while the bullish revenue forecast has been figured out at $2.22B.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.94 on the shares of Chesapeake Energy Corporation (NYSE:CHK). Out of rating recommendations 2 have given the stock a Buy while 4 recommend the stock as Outperform. 23 have given the stock a Hold rating, 4 as Underperform and 1 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)’s distance from 20 day simple moving average is -4.22% whereas its distance from 50 day simple moving average is -8.72% along with 8.63% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Chesapeake Energy Corporation (NYSE:CHK) shares were trading -22.20% below from the 52-week high mark of $8.20 and +316.99% above from the 52-week bottom of $1.53. The stock hit its 52-week high price on 12/12/16 and 52-week low price on 2/12/16.
When we have a peek on stock’s historical trends we come to know that, the stock has slipped -2.89% in the past one week and plunged -7.80% during previous one month drive, the stock went up 10.57% during past quarter. In the last six months the stock’s performance soared 26.84% while yearly performance of the company advanced 258.43%. The company’s year to date (YTD) performance is at -9.12%.
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 -42.10%. The company currently has a Return on Equity (ROE) of 248.60% and a Return on Investment (ROI) of -145.70%. Average true range (ATR-14) of the company sets at 0.27, along with its weekly and monthly volatility of 4.40%, 3.91% respectively. Beta value of the stock stands at 2.08.
The company’s quick ratio for most recent quarter is 0.30 along with current ratio for most recent quarter of 0.30.