Chesapeake Energy Corporation (NYSE:CHK) soared 1.80% during previous trade, a total of 40.38M shares exchanged hands compared with its average trading volume of 38.10M shares whereas its relative volume is 1.05. The stock has a market capitalization of $4.55B along with 906.83M outstanding shares. Stock’s intraday price range hit the peak level of $5.20 and touched the lowest level of $5.00.
Most recently Chesapeake Energy Corporation (NYSE:CHK)’s price target was revised on 3/21/17 and according to 29 analysts stock’s price will reach at $7.30 during 52 weeks with standard deviation of 2.41. Stock’s minimum price target estimates has been figured out at $2.50 while the maximum price target forecast is established at $11, if we look at the price target with an optimistic approach it has upside potential of 116% from its latest closing price of $5.09.
Historically, if we look at price target revisions, two weeks ago Chesapeake Energy Corporation (NYSE:CHK)’s price target was revised on 02/24/17 by the analysts, however the bullish price estimates of the stock set at $11 while the bearish estimates kept at $2.50 over the next one year. Stock’s 52-week target was retained at $7.09, the estimates indicates a standard deviation of 2.48.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.86. ABR value is precisely based on brokerage recommendations, where out of 22 brokerage recommendations 4 rate Chesapeake Energy Corporation (NYSE:CHK) stock a Strong Buy, 1 rate the stocks of the company a Buy, 14 rate Hold, 0 rate Sell and 3 recommend a Strong Sell. Most recently on 2/24/17 the stock of Chesapeake Energy Corporation (NYSE:CHK) upgraded by UBS from Sell to Neutral. However previously on 10/25/16 it was upgraded by by Jefferies from Underperform to Hold. A research note issued on 11/10/16 the stock was upgraded by RBC Capital Mkts from Underperform to Sector Perform.
Chesapeake Energy Corporation (NYSE:CHK) performance over the past one year soared 23.24% whereas its year to date (YTD) performance indicated a bearish trend of -27.49%. During the last six months the stock slipped -24.48%. Quarterly performance of the company shows declining momentum of -30.18% while its last one month trend is negative with -14.02%. Stock’s weekly performance expressed down trend of -6.61%.
The company’s price sits -16.08% below from its 50-day moving average of $5.69 and -15.12% away from the stock’s 200-day moving average which is $6.43. Chesapeake Energy Corporation (NYSE:CHK)’s shares are currently trading -37.93% away from the 52-week high price of $8.20 and +44.19% far from the 52-week low price of $3.53.
According to consensus agreement of 22 analysts Chesapeake Energy Corporation (NYSE:CHK) will report earnings per share of $0.17 in their quarterly report and it is expected to announce the company’s results on 5/4/17. For the current quarter the company has high EPS estimates of $0.31 in contradiction of low EPS estimates of $0.08. However a year ago for the same quarter the company has reported $-0.1 EPS. Current year EPS projections for Chesapeake Energy Corporation (NYSE:CHK) set at $0.71 according to the sentiments of 29 analysts, while its lowest earnings estimates are $0.33 and highest earnings estimates are $1.15.
According to 7 analysts, Chesapeake Energy Corporation (NYSE:CHK)’s revenue estimates for the current quarter are $2.29B meanwhile the company has high revenue estimates of $2.52B in contradiction of low revenue estimates of $2.06B. For the current year the company’s revenue estimates are $9.31B compared to low analyst estimates of $8.41B and high estimates of $10.19B according to the projection of 9 analysts.