Chesapeake Energy Corporation (NYSE:CHK)

Chesapeake Energy Corporation (NYSE:CHK), is a public, American oil and natural gas company headquartered in Oklahoma City, United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Company owns interests in about 45,100 oil and natural gas wells that produced an average of about 729 thousand barrels of oil equivalent (mboe).

Chesapeake Energy Corporation News Update:

Oil prices eased on Tuesday, reversing the previous day’s gains, as the risk premium stemming from the Paris attacks faded, and the focus returned to the global oversupply in crude and petroleum products, according to Cnbc

Analysts said that despite the Paris attacks and French retaliation against Islamic State (IS) in Syria, prices would remain low for the rest of the year and into 2016 as oil markets stay oversupplied. Production in 2015 will outpace demand by 700,000 to 2.5 million barrels per day, according to estimates. Cnbc added

“Recently, it’s back to the drawing board. The market is still oversupplied and yesterday was an adjusting of positions after these dreadful events,” PVM Oil Associates analyst Tamas Varga said.

“Unless the geopolitical tensions, which have obviously risen since Friday, are going to be manifested in physical supply destruction in the Middle East, I think sentiment should remain more bearish than bullish.” Cnbc Report

Shares of Chesapeake Energy Corporation (NYSE:CHK), dropped - 4.26% and is at $6.07 in the Real-Time trading session. The firm opened its current trade at $6.19. The total volume traded for the day is 1.71M shares, as compared to its average daily volume of 19.28M shares. The stock is floating in a range of $6.02 - $6.25. The stocks hold the market capitalization of $4.06B.

The mean estimate for the short term price target for Chesapeake Energy Corporation (NYSE:CHK), stands at $8.57 according to 27 Analysts. The higher price target estimate for the stock has been calculated at $13.00 while the lower price target estimate is at $5.00.

Analysts mean recommendation for the stock is 3.20. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

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