Chesapeake Energy (EXE) Projected to Post Quarterly Earnings on Wednesday

Chesapeake Energy (NASDAQ:EXE) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Chesapeake Energy to post earnings of $0.51 per share and revenue of $1.82 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Chesapeake Energy Price Performance

Shares of NASDAQ EXE opened at $106.39 on Wednesday. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. 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’s 50-day moving average is $101.73. The stock has a market capitalization of $24.59 billion, a PE ratio of 65.67 and a beta of 0.52.

Insider Activity at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 58.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EXE. Piper Sandler began coverage on shares of Chesapeake Energy in a report on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price objective on the stock. Bank of America began coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective on the stock. Truist Financial upped their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Benchmark restated a “buy” rating and issued a $93.00 price objective on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group began coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Five equities 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. Based on data from MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average target price of $116.18.

Chesapeake Energy Company Profile

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.