Chesapeake Energy Corporation (NASDAQ:CHK) price is hovering higher on Wednesday, September 15, jumping 4.54% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $61.69, with intraday deals fluctuating between $61.32 and $63.325. Taking into account the 52-week price action we note that the stock hit a 52-week high of $63.33 and 52-week low of $40.00. The stock added 8.63% on its value in the past month.
Chesapeake Energy Corporation, which has a market valuation of $6.20 billion, is expected to release its quarterly earnings report Aug 05, 2021 – Aug 09, 2021. The company stock has a Forward Dividend ratio of 1.38, while the dividend yield is 2.24%. It is understandable that investor optimism is growing ahead of the company’s current quarter results. Analysts tracking CHK have forecast the quarterly EPS to grow by 1.47 per share this quarter, while the same analysts predict the annual EPS to hit $7.43 for the year 2021 and up to $6.76 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.11 billion, with the likely lows of $797 million and highs of $1.51 billion. Staying with the analyst view, there is a consensus estimate of $4.29 billion for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned CHK a recommendation rating as follows: 2 rate it as a Hold; 5 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Chesapeake Energy Corporation (CHK) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that CHK’s price is at present 14.34% off the SMA20 and 17.18% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 72.08, with weekly volatility standing at 3.20%. The indicator jumps to 3.18% when calculated based on the past 30 days. Chesapeake Energy Corporation (NASDAQ:CHK)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.89. Considering analysts have assigned the stock a price target range of $64.00-$90.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $75.00. Based on this estimate, we see that today’s price at last check is roughly 0.76% off the estimated low and -39.56% off the forecast high. Investors will no doubt be excited to see the share price fall to $69.00, which is the median consensus price, and at that level CHK would be -6.99% from recent price.
An analysis of the Chesapeake Energy Corporation (NASDAQ:CHK) stock in terms of its daily trading volume indicates that the 3-month average is 1.49 million. However, this figure increases on the past 10-day timeline to an average of 1.78 million.
Current records show that the company has 97.93M in outstanding shares. The insiders’ percentage holdings are 0.05% of outstanding shares. The stats also highlight that short interest as of Aug 30, 2021, stood at 8.69 million shares, which puts the short ratio at the time at 7.72. From this we can glean that short interest is 8.84% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 7.81 million. But the 37.12% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.