EP Energy Corporation (NYSE:EPE) surged +1.27% and closed the trade at $ 4.00. They now have a Dollars 7 price target on the stock.
Advertisement
The stock decreased 4.68% or $0.24 on August 5, hitting $4.89. 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. Similarly, the block trades show selling by large traders on strength. Value scores approaching towards 1 means a buy recommendation and rating of 5 is considered bearish for stock.
On the flipside, Chesapeake generated revenue of around $1.6 billion, $300 million below expectations. In terms of volatility, it has a beta coefficient of 1.96 and technical analysis volatility indicator called Average True Range or ATR around 0.34. Its quick ratio for most recent quarter is 0.5 along with current ratio for most recent quarter of 0.5. Chesapeake Energy Corporation (CHK) gained $0.01 at $5.02, a gain of 0.2% over the previous days close. The stock revealed the change of +2.45% with up momentum. Schneider Capital Management Corp now owns 3,342,901 shares of the oil and gas exploration company’s stock valued at $15,043,000 after buying an additional 990,642 shares in the last quarter. The firm said that it plans to sell “selected” Haynesville Shale acreage, located in northwest Louisiana, according to Reuters. CHK stock lost -3.99% in total of its share price.
Out of 18 analysts covering Chesapeake Energy (NYSE:CHK), 3 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. The intense high range is put at $45 while the lowest price is $30.
The stock’s price moved up its 200-day moving average of $27.29. Finally, Royal Bank Of Canada downgraded Chesapeake Energy Corp. from a “sector perform” rating to an “underperform” rating and increased their price objective for the stock from $4.97 to $5.00 in a report on Thursday, June 9th. (NYSE:CHK) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. This information is based on open market transaction at the market prices.
The analysts offering 12 month price targets for Chesapeake Energy Corporation have a median target of $4.5, with a high estimate of $8 and a low estimate of $1.
Advertisement
The firm reiterated its “underperform” rating on the stock. Vetr raised Chesapeake Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $4.99 target price for the company in a report on Tuesday, May 10th. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL.
