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Barclays announced Chesapeake Energy (NYSE:CHK), bumping its price target to $3.00 earlier today

Having a price of $5.50, Chesapeake Energy (NYSE:CHK) traded 1.38% higher on the day. With the last stock price up 47.55% from the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. CHK has registered a 50-day average of $5.96 and two hundred day average of $4.98. 46,617,667 shares of the stock traded hands, up from ann average trading volume of 42,893,300

In a statement issued on 8/16/2016 Barclays bumped up the target price of Chesapeake Energy (NYSE:CHK) from $1 to $3 reporting a possible downsideof -0.45%.

See Graph Below:

Chesapeake Energy (NYSE:CHK)

A total of 25 analysts have issued a research note on CHK. Zero rate the company a strong buy, 0 rate the company a buy, 0 analysts rate the company a hold, 0 rate the stock to underperform, and finally 0 analystsrate the company as sell with a 12-month target price of $4.44

Chesapeake Energy has a 52 week low of $1.50 and a one-year high of $9.55 and has a market capitalization of $0.0.

More About Chesapeake Energy (NYSE:CHK)

Chesapeake Energy Corporation (Chesapeake) is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. It has positions in resource plays of 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. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania, and and the Barnett Shale in the Fort Worth Basin of north-central Texas.

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