Chesapeake Energy closes in red after six sessions of gains (NASDAQ:CHK)

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Chesapeake Vitality (NASDAQ:CHK) closed in pink and snapped a six-day successful streak after having gained 4% during the last six buying and selling periods.

Shares of the oil and gasoline producer closed -1.21% at $85.73 on Tuesday, beneath its 52-week excessive of $91. The inventory has gained 15.1% in worth within the final 12 months.

CHK has closed within the pink for six buying and selling days in March to this point. In February, it closed positively for 10 out of 20 periods.

In search of Alpha’s Quant ranking system has given CHK a Maintain ranking with a rating of three.05 out of 5.

The Oklahoma Metropolis, Oklahoma-based firm has been graded A- for profitability and C+ for momentum, whereas its progress and valuation prospects have been graded D+ and B-, respectively.

Turning to the Wall Road neighborhood, eight analysts have given CHK a Sturdy Purchase, whereas two are Purchase on the inventory. 5 analysts have given the inventory a Maintain suggestion. CHK has no Promote suggestions.

In search of Alpha analysts, on common, see the inventory as a Maintain. SA contributor The Asian Investor wrote of their March 6 report, “Chesapeake Vitality general delivered a stable fourth-quarter earnings sheet, however the normalization of power costs has taken a toll on the corporate’s capacity to generate top-line progress. What I see as a catalyst for progress for Chesapeake Vitality is the addition of recent acreage within the Marcellus shale, which was liable for greater than half of Chesapeake Vitality’s pure gasoline manufacturing in FY 2023. From a strategic perspective, this merger (with Southwestern Vitality) is sensible for Chesapeake Vitality, because the Marcellus shale core enterprise will likely be strengthened by the acquisition. The merger additionally creates upside for manufacturing progress and should web important synergy results that might be returned to buyers by means of inventory buybacks. Regardless of this, I solely see Chesapeake Vitality as a maintain resulting from valuation considerations.”