#3 - Chesapeake Energy (NASDAQ:EXE)
Chesapeake Energy Corp. (NASDAQ: EXE) recently completed its $7.4 billion all-stock merger with Southwestern Energy Co. The combined business unit will be a separate business unit, Expand Energy Corp., and as of October 5, 2024 Chesapeake is trading under the ticker symbol EXE.
The combined company is now America’s largest natural gas producer and will be able to produce an output fo approximately 3 billion cubic feet per day of natural gas.
Prior to the merger, Chesapeake stock was up 15% in 2024 and Southwestern stock was up about 8.5%. EXE stock closed at $86.61 on October 10, 2024. Analysts have started to weigh in on the outlook for the combined company and are generally bullish. However, mergers can be volatile for earnings, so if you’re thinking of getting involved, you may want to wait until the company’s October 2024 earnings report.
About Chesapeake Energy
- Current Price
- $86.61
- Consensus Rating
- Buy
- Ratings Breakdown
- 2 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $93.00 (7.4% Upside)
