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Analysts Review On Chesapeake Energy Corporation (NYSE:CHK)

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The shares of Chesapeake Energy Corporation (NYSE:CHK)currently has mean rating of 3.3 while 1 analyst have recommended the shares as ‘BUY’ ,1 recommended as ‘OUTPERFORM’ and 19 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell

The mean price target for the shares of Chesapeake Energy Corporation (NYSE:CHK)is at $4.48 while the highest price target suggested by the analysts is $8.00 and low price target is $0.00. The mean price target is calculated keeping in view the consensus of 25 brokerage firms.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.91B by 8 analysts. The means estimate of sales for the year ending Dec 16 is 7.73B by 8 analysts.

The average estimate of EPS for the current fiscal quarter for Chesapeake Energy Corporation (NYSE:CHK)stands at $-0.10 while the EPS for the current year is fixed at $-0.35 by 27.00 analysts

The next one year’s EPS estimate is set at 0.42 by 31.00 analysts while a year ago the analysts suggested the company’s EPS at $-0.35. The analysts also projected the company’s long-term growth at -43.73% for the upcoming five years

In its latest quarter ended on 31 Mar 2016 , Chesapeake Energy Corporation (NYSE:CHK)reported earnings of $-0.10. The posted earnings missed the analyst’s consensus by $0.00 with the surprise factor of 0.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Chesapeake Energy Corporation (NYSE:CHK) traded up +2.88% during trading on Friday, hitting $4.65 . The stock had a trading volume of 18.8 M shares. The firm has a 50 day moving average of $4.36 and a 200-day moving average of $4.18. The stock has a market cap of $3.13B. On Jul 7, 2015 the shares registered one year high at $11.90 and the one year low was seen on Feb 8, 2016.

Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids (NGL) from underground reservoirs in the United States. It operates in two segments, Exploration and Production, and Marketing, Gathering and Compression. The company holds interests in natural gas resource plays, including the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas. It also holds interests in liquids-rich resource plays, such as the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle; and the Niobrara Shale in the Powder River Basin in Wyoming. The company owns interests in approximately 43,700 oil and natural gas wells. As of December 31, 2015, it had estimated proved reserves of 1.504 billion barrels of oil equivalent. The company also provides oil, natural gas, and NGL marketing services comprising commodity price structuring, securing and negotiating gathering, hauling, processing and transportation, contract administration, and nomination services for Chesapeake-operated wells; and marketing services for third-party producers, as well as designs, engineers, fabricates, installs, and sells natural gas compression units, accessories, and equipment used in the production, treatment, and processing of oil and natural gas. Chesapeake Energy Corporation was founded in 1989 and is headquartered in Oklahoma City, Oklahoma.

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