Chesapeake Energy Corporation (NYSE:CHK), jumped 8.27% and now trading at $6.14 in the current trading session. The company has total market value of 4.35B. The stock exchanged hands with 65.68 Million shares contrast to its average daily volume of 43.98 Million shares.
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Chesapeake Energy Corporation reported its last Earnings on Aug 04 BMO where the company reported Actual EPS of $-0.14/Share whereas, the Analyst Estimated EPS was $-0.11/share. The 12-month target is $4.44 with zero rating the company a strong buy, zero rating the stock a buy, zero firms rating the stock a hold, zero rating the stock to underperform, and lastly zero firmsrating the company as sell. The stock has done quite well in the past week and risen consistently after a revamp in oil prices. These analysts have also projected a Low Estimate of $0.09/share and a High Estimate of $0.1/share.
On Wednesday Bank of America Corporation (NYSE:BAC) share price closed at $15.15.
Oil prices also traded higher as a result and positively impacted Chesapeake stock price.
Chesapeake Energy Corp. has a 52-week low of $1.50 and a 52-week high of $9.55. The Company has 52-week high of $7.41 and 52-week low of $2.24.
Chesapeake Energy Corporation’s (CHK) stock price showed strong performance of 18.33% in last seven days, switched up 26.22% in last thirty days and it fell -26.80% in last one year. The Corporation has average brokerage recommendation (ABR) of 3.63 based on consensus of the brokerage firms issuing ratings.
The loan, which is scheduled to close by August 23, will be secured by unproduced oil and natural gas and will have an annual interest rate of the London Interbank Offered Rate (LIBOR) plus 7.5 percent, Chesapeake said.
Other than the oil price scenario, some other factors contributed to the positive stock price as well. Oclaro, Inc. P/E (price to earnings) ratio is 140.8 and Forward P/E ratio of 14.95. It maintained return on assets (ROA) for the last twelve months at 48.31%.
Chesapeake Energy extended the week’s sharp gains with a almost 7.6 percent rise Thursday as the firm’s strategy to address its liquidity woes paired with rising oil prices has increased investor confidence in the stock. (NASDAQ:AAPL) said that, it is preparing the first significant overhaul of its MacBook Pro laptop line in over four years, according to people familiar with the matter, using one of its older products to help reverse two quarters of sliding sales. The Average price target is noted at $5.21, this average price is calculated and based on coming up with go through the consensus of analysts and stock’s current price is placed at $5.68.
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Chesapeake’s weaknesses include its weak operating cash flow and generally disappointing historical performance in the stock itself.
