Chesapeake Energy is one of the
leading natural-gas producing companies of the United States, second to be
specific and is situated at Oklahoma City. It was formed in 1989 and got listed
in NASDAQ in 1993 with the CHK share
price split-adjusted to $1.33. Currently, the CHK stock price which is seeing a downgrade since November last
year is at below $25 levels. Chesapeake Energy had a good run in its formative
years and the company hit pay-dirt when it put its focus on natural gas production
esp. after the discovery of the Haynesville Shale in 2008 which is touted to be
the greatest natural gas reservoir in the world.
Chesapeake Energy
stock analysis by
Bidness Etc is having a very
negative inclination but with a hold rating. There are various reasons for
that. The first being that Chesapeake
Energy earnings after adjustment had missed the yearly target by a whopping
32.5% and the production increased by merely 2%. Even though, the stock had
seen a 47% surge in the last 12 months, it is perched precariously now with
more of a negative streak. Latest Chesapeake
Energy Stock news tells us that the company has given a 20% lower guidance
for the current year.
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