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CHK
Stock ticker: NASDAQ
AS OF
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Capitalization
10.69B

CHK Chesapeake Energy Corp Forecast, Technical & Fundamental Analysis

a developer of oil and natural gas properties

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CHK with price predictions
07:00 PM EST Dec 03, 2023

CHK's Indicator enters downward trend

The Aroon Indicator for CHK entered a downward trend on November 21, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 157 similar instances where the Aroon Indicator formed such a pattern. In of the 157 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CHK as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for CHK turned negative on November 29, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

CHK moved below its 50-day moving average on November 06, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CHK crossed bearishly below the 50-day moving average on November 07, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CHK's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHK advanced for three days, in of 239 cases, the price rose further within the following month. The odds of a continued upward trend are .

CHK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.034) is normal, around the industry mean (6.019). P/E Ratio (2.194) is within average values for comparable stocks, (18.244). Projected Growth (PEG Ratio) (1.307) is also within normal values, averaging (4.128). Dividend Yield (0.077) settles around the average of (0.088) among similar stocks. P/S Ratio (1.162) is also within normal values, averaging (126.349).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CHK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), Pioneer Natural Resource Co (NYSE:PXD), Occidental Petroleum Corp (NYSE:OXY), Hess Corp (NYSE:HES), Devon Energy Corp (NYSE:DVN), Diamondback Energy (NASDAQ:FANG), EQT Corp (NYSE:EQT), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.76B. The market cap for tickers in the group ranges from 3.28K to 136.31B. COP holds the highest valuation in this group at 136.31B. The lowest valued company is PSTRQ at 3.28K.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was 2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 4%. WTRV experienced the highest price growth at 505%, while ROYL experienced the biggest fall at -38%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was 19%. For the same stocks of the Industry, the average monthly volume growth was -20% and the average quarterly volume growth was 14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 61
Price Growth Rating: 53
SMR Rating: 65
Profit Risk Rating: 76
Seasonality Score: 24 (-100 ... +100)
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A.I. Advisor
published Earnings

CHK is expected to report earnings to fall 13.64% to 94 cents per share on February 21

Chesapeake Energy Corp CHK Stock Earnings Reports
Q4'23
Est.
$0.94
Q3'23
Beat
by $0.51
Q2'23
Beat
by $0.23
Q1'23
Beat
by $0.17
Q4'22
Beat
by $1.29
The last earnings report on October 31 showed earnings per share of $1.09, beating the estimate of 57 cents. With 1.49M shares outstanding, the current market capitalization sits at 10.69B.
A.I.Advisor
published Dividends

CHK paid dividends on September 06, 2023

Chesapeake Energy Corp CHK Stock Dividends
А dividend of $0.57 per share was paid with a record date of September 06, 2023, and an ex-dividend date of August 16, 2023. Read more...
A.I. Advisor
published General Information

General Information

a developer of oil and natural gas properties

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
6100 North Western Avenue
Phone
+1 405 848-8000
Employees
1200
Web
https://www.chk.com
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CHK and

Correlation & Price change

A.I.dvisor indicates that over the last year, CHK has been closely correlated with AR. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if CHK jumps, then AR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CHK
1D Price
Change %
CHK100%
-2.80%
AR - CHK
84%
Closely correlated
-3.56%
EQT - CHK
82%
Closely correlated
-3.16%
RRC - CHK
82%
Closely correlated
-3.06%
CRK - CHK
82%
Closely correlated
-2.87%
SWN - CHK
82%
Closely correlated
-2.11%
More

Groups containing CHK

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CHK
1D Price
Change %
CHK100%
-2.80%
CHK
(undefined stocks)
87%
Closely correlated
-1.65%
oil
(undefined stocks)
74%
Closely correlated
-1.23%
office
(undefined stocks)
72%
Closely correlated
-0.89%
gas wells
(undefined stocks)
72%
Closely correlated
-1.26%
natural gas
(undefined stocks)
71%
Closely correlated
-0.79%
More