Susquehanna analyst Biju Perincheril reiterated a Hold rating on Chesapeake Energy (NYSE: CHK) on July 9 and set a price target of $5. The company’s shares closed yesterday at $5.19, close to its 52-week high of $5.60.
According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Chesapeake Energy with a $4.25 average price target.
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The company has a one-year high of $5.60 and a one-year low of $2.53. Currently, Chesapeake Energy has an average volume of 36.34M.
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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.
