Chesapeake Energy Corp. (NASDAQ:CHK) shares, rose in value, with the stock price up by 0.21% to the previous day’s close as strong demand from buyers drove the stock to $89.51.
Actively observing the price movement in the last trading, the stock closed the session at $89.32. The value of beta (5-year monthly) was 0.51 whereas the PE ratio was 5.32 over 12-month period. Referring to stock’s 52-week performance, its high was $91.03, and the low was $72.84. On the whole, CHK has fluctuated by 9.27% over the past month.
With the market capitalization of Chesapeake Energy Corp. currently standing at about $11.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 2.27, with its dividend yield at 2.54%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.8, which is expected to increase to $0.68 for fiscal year $2.88 and then to about $8.11 by fiscal year 2025. Data indicates that the EPS growth is expected to be -41.30% in 2025, while the next year’s EPS growth is forecast to be 181.60%.
Analysts have estimated the company’s revenue for the quarter at $1.13 billion, with a low estimate of $755 million and a high estimate of $1.45 billion. According to the average forecast, sales growth in current quarter could jump down -32.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.86 billion, representing a decrease of -32.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CHK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.06, with the price of CHK currently trading nearly 4.22% and 9.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.37, while the 7-day volatility ratio is showing 1.86% which for the 30-day chart, stands at 1.86%. Furthermore, Chesapeake Energy Corp. (CHK)’s beta value is 0.51, and its average true range (ATR) is 1.69.
A comparison of Chesapeake Energy Corp. (CHK) with its peers suggests the former has fared considerably weaker in the market. CHK showed an intraday change of 0.21% in last session, and over the past year, it grew by 18.23%%.
Data on historical trading for Chesapeake Energy Corp. (NASDAQ:CHK) indicates that the trading volumes over the past 10 days have averaged 1.5 million and over the past 3 months, they’ve averaged 2.23 million. According to company’s latest data on outstanding shares, there are 130.79 million shares outstanding.
Nearly 17.03% of Chesapeake Energy Corp.’s shares belong to company insiders and institutional investors own 91.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.33 million shares as on Mar 15, 2024, resulting in a short ratio of 6.38. According to the data, the short interest in Chesapeake Energy Corp. (CHK) stood at 11.72% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 13.52 million. The stock has risen by 16.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHK stock heading into the next quarter.
