Roth Capital Has Bullish Forecast for EXE FY2024 Earnings

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

A number of other research firms also recently commented on EXE. Raymond James initiated coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective for the company. Piper Sandler started coverage on Chesapeake Energy in a report on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price target for the company. Truist Financial raised their price target on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Benchmark reaffirmed a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price target on Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average price target of $116.18.

Chesapeake Energy Stock Up 1.0 %

EXE stock opened at $105.03 on Friday. The business’s fifty day moving average price is $101.22. The company has a market capitalization of $24.27 billion, a P/E ratio of 64.83 and a beta of 0.52. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47.

Insider Buying and Selling at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the transaction, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.