Roth Capital Has Bullish Forecast for EXE FY2024 Earnings

Chesapeake Energy Corporation (NASDAQ:EXE) – Research analysts at Roth Capital raised their FY2024 earnings per share estimates for shares of Chesapeake Energy in a research note issued to investors on Thursday, February 13th. Roth Capital analyst L. Mariani now anticipates that the company will post earnings per share of $1.52 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 equities analysts have also recently issued reports about the company. Mizuho lifted their price objective on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Wells Fargo & Company lifted their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America initiated coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective for the company. UBS Group lifted their price target on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group initiated coverage on Chesapeake Energy in a research note on Friday, January 31st. They issued a “buy” rating and a $121.00 price target on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Chesapeake Energy currently has an average rating of “Moderate Buy” and a consensus target price of $116.18.

Chesapeake Energy Trading Up 1.0 %

NASDAQ:EXE opened at $105.03 on Friday. The firm has a market cap of $24.27 billion, a PE ratio of 64.83 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The business’s 50 day moving average price is $101.22. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47.

Insider Buying and Selling

In other news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred 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 directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 58.00% of the stock is owned by company insiders.

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.