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Chesapeake Energy (CHK) continues to plummet

Chesapeake Energy (CHK) currently trades at $16.73 and has fallen by 35% today. CHK went down $9.35 from the previous closing price of $26.24. The high forecast for Chesapeake Energy is $20.00 and the low is $1.00. The company’s market cap is $33.01 billion with a 52 week high of $640.00 and a 52 week low of $0.10. CHK has changed in price by 13.88 per share in the last 12 months. Shares of the company continued plunging today. As of 10:45 a.m. EDT on Wednesday, the energy company’s stock was down 34.7%. The main driver was a one-for-200 reverse stock split the company completed today, though lower oil prices didn’t help matters either.

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Chesapeake Energy has a weak EPS of -33.88. This means the company lost $-33.88 per share after paying dividends, this can indicate that the stock is a risky investment. EPS is calculated as a company’s profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company’s profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution. Based on this information, investorsQ rates this stock 2 out of 10. We give it this rating based on current information written in this article.

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About Chesapeake Energy:
Chesapeake Energy Corporation is an exploration and production company. The Company is engaged in the acquisition, exploration and development of properties to produce oil, natural gas and natural gas liquids (NGL) from underground reservoirs.

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