Let’s take a look at the high, low, average, and median analyst target prices for Chesapeake Energy (CHK). Chesapeake Energy’s high target price stands at $11.00. Its low target price is $2.50, and its average target price is $7.65.
Chesapeake Energy’s stock price on February 9, 2017, was $6.31. Given its current level, Chesapeake Energy’s average target price of $7.65 indicates a return of ~21% during the next 12 months. CHK makes up 1.6% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
Recent upgrades and downgrades for CHK stock
In December 2016, Mizuho initiated coverage on CHK. The most recent upgrade on CHK’s stock was in November 2016, when it was upgraded from “underperform” to “hold” by Jefferies.
Recently, Piper Jaffrey and Raymond James upgraded their ratings for Antero Resources (AR) on January 13, 2017, and January 3, 2017, respectively. Piper Jaffrey upgraded its rating from “neutral” to “overweight,” and Raymond James upgraded its rating from “outperform” to “strong buy.”
In the final part of this series, we’ll take a look at Chesapeake Energy’s short interest.