CHK Stock Forecast: All the More Reason to Consider Chesapeake Energy Corp. (CHK) Now

Chesapeake Energy Corp. (NASDAQ: CHK) is 7.52% higher on its value in year-to-date trading and has touched a low of $69.12 and a high of $93.44 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 $80.30 in the last trading session, with the day’s gains setting it 2.3%.

Currently trading at $82.60, the stock is 11.04% and 10.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.82 million and changing 2.86% at the moment leaves the stock 1.74% off its SMA200. CHK registered -3.38% loss for a year compared to 6-month loss of -6.87%. The firm has a 50-day simple moving average (SMA 50) of $74.5558 and a 200-day simple moving average (SMA200) of $81.29562.

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The stock witnessed a 14.75% gain in the last 1 month and extending the period to 3 months gives it a 0.50%, and is 5.28% 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 3.26% over the week and 2.83% over the month.

Chesapeake Energy Corp. (CHK) has around 1000 employees, a market worth around $10.84B and $3.93B in sales. Current P/E ratio is 27.85 and Fwd P/E is 15.19. Profit margin for the company is 11.14%. Distance from 52-week low is 19.50% and -11.60% from its 52-week high. The company has generated returns on investments over the last 12 months (3.53%).

The EPS is expected to shrink by -70.93% this year.

Chesapeake Energy Corp. (CHK) Top Institutional Holders

656.0 institutions hold shares in Chesapeake Energy Corp. (CHK), with institutional investors hold 116.95% of the company’s shares. The shares outstanding are 130.79M, and float is at 108.37M with Short Float at 18.46%. Institutions hold 111.29% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.69 million shares valued at $1.04 billion. The investor’s holdings represent 9.6738% of the CHK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKSTONE INC. with 12.69 million shares valued at $1.04 billion to account for 9.6723 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 11.46 million shares representing 8.7346% and valued at over $941.66 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 8.6916 of the shares totaling 11.4 million with a market value of $937.02 million.