Chesapeake Energy Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Chesapeake Energy Corporation CHK is expected to release financial results for its third quarter, after the closing bell on Oct. 31, 2023.

Analysts expect the company to post quarterly earnings at 64 cents per share, down from year-ago earnings of $5.06 per share. The company’s revenue might come in at $1.2 billion, compared to $2.01 billion in the year-ago period.

Chesapeake Energy shares fell 0.2% to close at $85.60 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Benchmark analyst Subash Chandra maintained a Buy rating and cut the price target from $107 to $93 on Oct. 18, 2023. This analyst has an accuracy rate of 86%.
• Wells Fargo analyst Roger Read maintained an Equal-Weight rating and increased the price target from $85 to $89 on Sept. 1, 2023. This analyst has an accuracy rate of 75%.
• JP Morgan analyst Zach Parham downgraded the stock from Overweight to Neutral and cut the price target from $97 to $96 on Aug. 16, 2023. This analyst has an accuracy rate of 71%.
• Stephens & Co. analyst Mike Scialla reiterated an Equal-Weight rating with a price target of $91 on May 4, 2023. This analyst has an accuracy rate of 72%.
• UBS analyst Josh Silverstein maintained a Buy rating and increased the price target from $102 to $106 on Aug. 17, 2023. This analyst has an accuracy rate of 65%.

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