Chesapeake Energy (CHK) falls as investors fear the company will go bankrupt
What’s up with Chesapeake Energy?
Chesapeake Energy (CHK) opened at $24.17, which means the stock is down 32.51% from yesterday’s closing price of 25.74. Today, the company has a high of $24.17 and a low of $14.32. The company has a market cap of $171.08 million with a 52-week high of $588.00 and a 52-week low of $12.30.
What about the future forChesapeake Energy
The high forecast for Chesapeake Energy is 10.00 while the low is 0.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Chesapeake Energy has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information CHK seems to be a risky buy.
About Chesapeake Energy
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.