FY2024 EPS Forecast for Chesapeake Energy Raised by Analyst

Chesapeake Energy Corporation (NASDAQ:EXE) – Equities research analysts at Roth Capital increased their FY2024 earnings per share estimates for shares of Chesapeake Energy in a report issued on Thursday, February 13th. Roth Capital analyst L. Mariani now expects that the company will earn $1.52 per share for the year, up from their previous estimate of $1.34. The consensus estimate for Chesapeake Energy’s current full-year earnings is $1.31 per share.

Other research analysts also recently issued research reports about the company. TD Cowen initiated coverage on Chesapeake Energy in a research note on Friday, January 17th. They set a “hold” rating and a $108.00 price target for the company. Truist Financial increased their price target on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Raymond James started coverage on Chesapeake Energy in a research note on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price target for the company. Barclays increased their price objective on Chesapeake Energy from $94.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Morgan Stanley started coverage on Chesapeake Energy in a report on Friday, January 10th. They set an “overweight” rating and a $127.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average target price of $116.18.

Chesapeake Energy Stock Performance

EXE stock opened at $105.33 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $24.34 billion, a P/E ratio of 65.02 and a beta of 0.52. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The business’s fifty day moving average price is $101.39.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 58.00% of the company’s stock.

About Chesapeake Energy

Expand Energy Corporation is an independent natural gas producer principally in the United States. Expand Energy Corporation, formerly known as Chesapeake Energy Corporation, is based in OKLAHOMA CITY.