Technically or fundamentally this is by no means a thing of beauty, now trading a ridiculously low P/E ratio it may be a case of it is so bad it may be good. We think there is a nice opportunity for a long trade entry as indicators and volume signal a sustained a reversal, rather than a brief bounce.
AVERAGE ANALYSTS PRICE TARGET $2.50
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 3.9
SHORT INTEREST 21%
COMPANY PROFILE
Chesapeake Energy Corp. is an independent exploration and production company, which engages in acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming. The company was founded by Aubrey K. McClendon and Tom L. Ward on May 18, 1989 and is headquartered in Oklahoma City, OK.
AVERAGE ANALYSTS PRICE TARGET $2.50
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 3.9
SHORT INTEREST 21%
COMPANY PROFILE
Chesapeake Energy Corp. is an independent exploration and production company, which engages in acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. It focuses on projects located in Louisiana, Ohio, Oklahoma, Pennsylvania, Texas, and Wyoming. The company was founded by Aubrey K. McClendon and Tom L. Ward on May 18, 1989 and is headquartered in Oklahoma City, OK.