Chesapeake Energy Corp (CHK)

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By Zacks Equity Research
37 minutes ago

Surging Earnings Estimates Signal Good News for Chesapeake Energy (CHK)
Chesapeake Energy Corporation CHK is an independent oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CHK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Chesapeake Energy could be a solid choice for investors.
The stock has also started to move higher lately, adding 38% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.