CHK Stock Summary and Trading Ideas (Chesapeake Energy | NASDAQ:CHK)

Chesapeake Energy Corp is a us-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. Geographically, the company focuses on areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana (Gulf Coast); and Eagle Ford, South Texas.

Chesapeake Energy trades on the NASDAQ stock market under the symbol CHK.

As of May 1, 2024, CHK stock price declined to $86.96 with 2,635,323 million shares trading.

CHK has a beta of 0.69, meaning it tends to be less sensitive to market movements. CHK has a correlation of 0.11 to the broad based SPY ETF.

CHK has a market cap of $11.37 billion. This is considered a Large Cap stock.

Last quarter Chesapeake Energy reported $1 billion in Revenue and $.56 earnings per share. This fell short of revenue expectation by $-49 million and missed earnings estimates by -$.04.

In the last 3 years, CHK stock traded as high as $107.31 and as low as $45.41.

The top ETF exchange traded funds that CHK belongs to (by Net Assets): VTI, IJH, VB, RDVY, VBR.

CHK has underperformed the market in the last year with a price return of +8.7% while the SPY ETF gained +23.3%. However, in the short term, CHK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.6% vs +3.5% return in SPY. But in the last 2 weeks, CHK shares have been beat by the market, returning -0.4% compared to an SPY return of +0.5%.

CHK support price is $88.62 and resistance is $91.14 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHK stock will trade within this expected range on the day.