Chesapeake Energy (CHK) Gets a Buy Rating from Raymond James

Raymond James analyst John Freeman maintained a Buy rating on Chesapeake Energy (CHKResearch Report) today and set a price target of $4. The company’s shares closed yesterday at $2.73.

According to TipRanks.com, Freeman is ranked 0 out of 5 stars with an average return of -4.3% and a 35.8% success rate. Freeman covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, CNX Resources Corporation, and Whiting Petroleum Corp.

Chesapeake Energy has an analyst consensus of Hold, with a price target consensus of $3.72.

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The company has a one-year high of $5.60 and a one-year low of $1.71. Currently, Chesapeake Energy has an average volume of 40.73M.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHK in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Chesapeake Energy Corp. engages in acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming.

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