Roger Read analyst at Wells Fargo reiterates coverage on Chesapeake Energy (CHK) stock in the Utilities sector with a Buy rating. TipRanks.com has Read rated as a 4.9 star analyst with a 67% return on investment and a 14.6% success rate. Read has set a price target of $ 117.
TipRanks.com reports that Chesapeake Energy stock currently has 9 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target for CHK's stock is $135.78. The target pricing ranges from a high forecast of $160.00 down to a low forecast of $115.00. Chesapeake Energy (CHK)’s stock last closing price was $91.84 which would put the average price target at 47.84% upside.
In addition, Barchart.com has a sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on CHK stock.
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TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
This article was pulled from energystockmovers.com as they are an authority in the Energy Stock Sector. EnergyStockMovers.com keeps investors informed of trending energy stocks within the entire energy sector including green energy, renewable energy, fossil fuels, oil and natural gas, crude oil, gas pipelines and exploration and production.
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