Chesapeake Energy Corp. (NASDAQ: CHK) is 12.18% higher on its value in year-to-date trading and has touched a low of $71.60 and a high of $91.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CHK stock was last observed hovering at around $86.25 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $86.31, the stock is 3.69% and 8.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.07% at the moment leaves the stock 4.98% off its SMA200. CHK registered 17.91% gain for a year compared to 6-month gain of 4.37%. The firm has a 50-day simple moving average (SMA 50) of $1.58 and a 200-day simple moving average (SMA200) of $2.59.
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The stock witnessed a 3.64% loss in the last 1 month and extending the period to 3 months gives it a 14.80%, and is 3.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.75% over the week and 1.80% over the month.
Chesapeake Energy Corp. (CHK) has around 1000 employees, a market worth around $11.29B and $5.86B in sales. Current P/E ratio is 5.13 and Fwd P/E is 9.44. Profit margin for the company is 41.27%. Distance from 52-week low is 20.54% and -5.15% from its 52-week high. The company has generated returns on investments over the last 12 months (18.96%).
Chesapeake Energy Corp. quarterly earnings per share for the current quarter are estimated at $0.91 with sales reaching $1.14B over the same period.The EPS is expected to shrink by -33.03% this year, but quarterly earnings will post -34.40% year-over-year. Quarterly sales are estimated to shrink -32.40% in year-over-year returns.
Chesapeake Energy Corp. (CHK) Top Institutional Holders
652 institutions hold shares in Chesapeake Energy Corp. (CHK), with institutional investors hold 108.26% of the company’s shares. The shares outstanding are 130.79M, and float is at 108.52M with Short Float at 13.31%. Institutions hold 103.01% of the Float.
The top institutional shareholder in the company is Blackstone Inc with over 12.67 million shares valued at $1.06 billion. The investor’s holdings represent 9.57% of the CHK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 12.6 million shares valued at $1.05 billion to account for 9.52% of the shares outstanding. The other top investors are Capital World Investors which holds 9.72 million shares representing 7.34% and valued at over $813.05 million, while Oaktree Capital Management Lp holds 5.55% of the shares totaling 7.35 million with a market value of $615.05 million.
