Chesapeake Energy Corporations in-depth stock price analysis indicates that the stock price has rallied 7.41% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.31% . Looking at the past 52 week period, the stock price is up at 301.26% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Chesapeake Energy Corporation has a positive value of 70.39 compared to overall market. Chesapeake Energy Corporation (NYSE:CHK) has tumbled 2.89% during the past week and has dropped 7.8% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.68%. Chesapeake Energy Corporation (NYSE:CHK) has underperformed the index by 9.45% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Chesapeake Energy Corporation (NYSE:CHK) : On Friday heightened volatility was witnessed in Chesapeake Energy Corporation (NYSE:CHK) which led to swings in the share price. The stock opened for trading at $6.41 and hit $6.5 on the upside , eventually ending the session at $6.38, with a gain of 1.11% or 0.07 points. The heightened volatility saw the trading volume jump to 29,295,535 shares. The 52-week high of the share price is $8.2 and the company has a market cap of $5,781 million. The 52-week low of the share price is at $1.53 .
Chesapeake Energy Corporation Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.13. Analyst had a consensus of $-0.04. The company had revenue of $2276.00 million for the quarter, compared to analysts expectations of $1010.90 million. The companys revenue was down -32.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.05 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Chesapeake Energy Corporation was Initiated by Mizuho on Dec 20, 2016 to Neutral, Price Target of the shares are set at $8.
Company has reported several Insider transactions to the SEC, on Sep 21, 2016, Archie W Dunham (director) purchased 1,000,000 shares at 6.67 per share price.On Aug 18, 2016, Thomas L Ryan (director) purchased 50,000 shares at 5.59 per share price.On Nov 18, 2015, Robert D. Lawler (CEO) purchased 50,000 shares at 5.88 per share price.
Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia.