How Does Chesapeake Energy Corporation (CHK) Stack Up Right Now?

Chesapeake Energy Corporation (CHK) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $3.12, up from yesterday’s close by 0.32%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Chesapeake Energy Corporation (CHK) currently trades with a market capitalization of $2.72 Billion. That value represents a market adjusting for revenues that have been growing by 24.64 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$429 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.28 on a per share basis this quarter. Perhaps, that suggests something about why 3.93% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Chesapeake Energy Corporation recorded a 52-week high of $6.59. It is now trading 3.47% off that level. The stock is trading $3.43 its 50-day moving average by 0.31%. The stock carved out a 52-week low down at $2.53.

In recent action, Chesapeake Energy Corporation (CHK) has made a move of +9.47% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 23.86% with $870.58 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of CHK.

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