Roth Capital Boosts Earnings Estimates for Chesapeake Energy

Chesapeake Energy Corporation (NASDAQ:EXE - Free Report) - Analysts at Roth Capital raised their FY2024 earnings per share (EPS) estimates for shares of Chesapeake Energy in a research note issued on Thursday, February 13th. Roth Capital analyst L. Mariani now expects that the company will post earnings per share of $1.52 for the year, up from their previous forecast of $1.34. The consensus estimate for Chesapeake Energy's current full-year earnings is $1.31 per share.

EXE has been the topic of several other reports. Truist Financial increased their price target on Chesapeake Energy from $109.00 to $133.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Bank of America began coverage on Chesapeake Energy in a report on Monday, October 28th. They set a "buy" rating and a $114.00 price objective on the stock. Wells Fargo & Company raised their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Scotiabank upgraded Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Finally, Raymond James began coverage on Chesapeake Energy in a report on Tuesday, February 4th. They set a "strong-buy" rating and a $135.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.18.

Chesapeake Energy Trading Up 1.0 %

Shares of NASDAQ EXE traded up $1.06 during midday trading on Friday, hitting $106.39. The company's stock had a trading volume of 3,197,159 shares, compared to its average volume of 2,738,766. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $101.73. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47. The firm has a market capitalization of $24.59 billion, a price-to-earnings ratio of 65.67 and a beta of 0.52.

Insider Activity

In other news, Director Catherine A. Kehr sold 43,623 shares of the firm's stock in a transaction on 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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.