Chesapeake Energy Corporation had a miserable day in the stock market. As it witnessed a decrease of 0.16%.The stocked began at $19 and touched maximum point of $19.48 and minimum $18.755 before closing at $19.18. The company traded a total volume of 15,389,895 shares. The stock touched 52 week high of $31.49 high and $16.41 low. The company currently has a market capitalization of $12,757 million.
On Friday morning, in a research report Chesapeake Energy has lowered its price to $20 from $22. Deutsche Bank at the moment has a 'hold' rating on the company's stock.
Plenty of other research analysts also rated Chesapeake Energy stock. Guggenheim analysts have given it a 'neutral' rating to the stock, in a research carried out on Tuesday. JPMorgan Chase & Co. on Friday demoted their rating on Chesapeake Energy shares to 'neutral' from over-weight rating and upturned their target price for the stock to $83 from $78.
Susquehanna commenced reporting on Chesapeake stock and rated is as 'neutral' with a target price $22 on the stock. Lastly, Credit Suisse promoted its rating to 'outperform' and set a price target of $24 on January 23rd, Friday.
Out of 26 analysts covering Chesapeake Energy, 3 have given it a 'sell' rating, 13 have issued 'hold' rating and 10 have rated the stock with a 'buy' rating. On an average the stock has a 'hold' rating and mean target price of $29.32.
Chesapeake Energy last gave out its quarter results on November 5th. In that report, company showed earnings per share of 38 cents, more than the analysts' estimation of 33 cents. The company had $5.70 billion of revenue in its basket for the quarter, against the consensus estimated by analysts of $4.84 billion revenue. The company registered earnings per share of 43 cents quarter-over-quarter. On an average, analysts believe Chesapeake will report $1.62 earnings per share for the current fiscal year.
Goldman Sachs has been impressed by Chesapeake Energy CEO, Robert Lawler management skills. The company reduced its capital expenditure per barrel to $20 in 2014 from $40 in 2012 to overcome its huge cash deficit from last year.
In Goldman Sachs Energy conference, Chesapeake said that it is looking forward to improve its capital efficiency by almost 30 - 60%.
Chesapeake Energy Corporation share is up by 1.51% at $19.47 in pre-market trading, as of 8:16 am EST. the average 30-day trading volume is 14.37 million shares.