sasacvetkovic33/E+ via Getty Images
Chesapeake Energy (NASDAQ:CHK) closed in red and snapped a six-day winning streak after having gained 4% over the last six trading sessions.
Shares of the oil and gas producer closed -1.21% at $85.73 on Tuesday, below its 52-week high of $91. The stock has gained 15.1% in value in the last 12 months.
CHK has closed in the red for six trading days in March so far. In February, it closed positively for 10 out of 20 sessions.
Seeking Alpha's Quant rating system has given CHK a Hold rating with a score of 3.05 out of 5.
The Oklahoma City, Oklahoma-based company has been graded A- for profitability and C+ for momentum, while its growth and valuation prospects have been graded D+ and B-, respectively.
Turning to the Wall Street community, eight analysts have given CHK a Strong Buy, while two are Buy on the stock. Five analysts have given the stock a Hold recommendation. CHK has no Sell recommendations.
Seeking Alpha analysts, on average, see the stock as a Hold. SA contributor The Asian Investor wrote in their March 6 report, "Chesapeake Energy overall delivered a solid fourth-quarter earnings sheet, but the normalization of energy prices has taken a toll on the company's ability to generate top-line growth. What I see as a catalyst for growth for Chesapeake Energy is the addition of new acreage in the Marcellus shale, which was responsible for more than half of Chesapeake Energy's natural gas production in FY 2023. From a strategic perspective, this merger (with Southwestern Energy) makes sense for Chesapeake Energy, as the Marcellus shale core business will be strengthened by the acquisition. The merger also creates upside for production growth and may net significant synergy effects that could be returned to investors through stock buybacks. Despite this, I only see Chesapeake Energy as a hold due to valuation concerns."
More on Chesapeake Energy
- Chesapeake Energy: Do Not Overpay While Paying To Idle Rigs
- Chesapeake Energy's 2024 Production Cut Marks A Bottom For Dry Natural Gas Prices
- Chesapeake Energy's HSR filing for Southwest deal said to be pulled, refiled
- Gas-focused equities spike as Chesapeake's planned output cuts lift natgas futures