Breaking Finance News

Scotia Capital announced Chesapeake Energy Corporation (NYSE:CHK), boosting its stock price target to $5.00 today

Just yesterday Chesapeake Energy Corporation (NYSE:CHK) traded 2.06% higher at $5.12. Chesapeake Energy Corporation’s 50-day moving average is $4.60 and its 200-day moving average is $5.28. The last stock price is down -25.06% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.05% over the same time period. 1 shares of CHK traded hands, down from an average trading volume of 35,329,000

In a report released on 7/04/2017 Scotia Capital increased the stock price target of Chesapeake Energy Corporation (NYSE:CHK) to $5.00 reporting a possible downside of -0.02%.

Previously on Wednesday June 28, 2017, Vetr Inc. released a statement about Chesapeake Energy Corporation (NYSE:CHK) increased the target price from $0.00 to $4.67. At the time, this indicated a possible downside of -0.04%.

Recent Performance Chart

Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation has 52 week low of $3.81 and a 52 week high of $8.20 and has a market capitalization of $0.

In addition to Scotia Capital reporting its stock price target, a total of 25 brokerages have issued a ratings update on the company. The average stock price target is $4.44 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation produces natural gas, oil and natural gas liquids (NGL) in the United States. It operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. Exploration and production is engaged in finding and producing oil, natural gas and NGL. Marketing, gathering and compression is engaged in marketing, gathering and compression of oil, natural gas and NGL. As of December 31, 2016, it owned interests in approximately 22,700 oil and natural gas wells. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It has positions in resource plays of the Eagle Ford Shale in South Texas, the Utica Shale in Ohio, the Anadarko Basin in northwestern Oklahoma and the stacked pay in the Powder River Basin in Wyoming. Its natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas and the Marcellus Shale in the northern Appalachian Basin in Pennsylvania.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.