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

Chesapeake Energy (NASDAQ:EXE) is projected to announce its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $1.82 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $105.33 on Friday. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company’s 50 day simple moving average is $101.56. 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 company has a market capitalization of $24.34 billion, a P/E ratio of 65.02 and a beta of 0.52.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction dated 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 directly owns 5,201 shares of the company’s stock, valued at $517,915.58. The trade was 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 accessible through the SEC website. Insiders own 58.00% of the company’s stock.

Analysts Set New Price Targets

EXE has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price target for the company. Wells Fargo & Company raised their price target on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a report on Tuesday, January 14th. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target for the company. Finally, Raymond James initiated coverage on shares of Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price target for the company. Five investment 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. According to MarketBeat, Chesapeake Energy presently has an average 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.