Connect with us

Hi, what are you looking for?


Chesapeake Energy stock has ‘tremendous upside’ despite falling natural gas prices

Natural gas prices have tanked sharply to around $3.75 in less than a month. Still, Chesapeake Energy Corporation (NASDAQ: CHK) CEO does not expect that to be a threat for his company.

Price of natural gas is still profitable

According to Nick Dell’Osso, natural gas is still trading at a price that’s well above what’s typically seen as “bad” for the industry. Therefore, he’s convinced that Chesapeake Energy will remain strongly profitable moving forward.

For us to be around $4.0 is still a great price for our company. We still see a huge future for natural gas as the supply and demand fundamentals are tremendous for the long term. So, we’re excited about the price today.

The Nasdaq-listed firm is expected to report its Q4 results in February. Consensus is for it to earn $3.61 a share this quarter – a more than 50% growth on a year-over-year basis.

Wall Street currently has a consensus “buy” rating on the Chesapeake Energy stock.

CEO’s outlook on the Chesapeake Energy stock

Dell’Osso sees significant upside in natural gas prices in 2025 and beyond. This year, though, he expects the commodity to remain around the current level (near $4.0).

Over the past two months, Chesapeake Energy stock has lost roughly 15%. Sharing his outlook on the share price, the Chief Executive said on CNBC’s “Squawk Box”:

If you look at the price that’s implied in our stock, it’s always been in the $3.0s at best; low-threes. So, we still think there’s a tremendous amount of upside to our stock price in the current natural gas environment.

On average, Wall Street expects this natural gas stock to be worth $144. That implies about a 70% premium on its current price.

The post Chesapeake Energy stock has ‘tremendous upside’ despite falling natural gas prices appeared first on Invezz.

You May Also Like


Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...


Mimiq, Inc is announcing today the launch of their new product, Mimiq Track, at CES as part of their latest product line to operate...


On this week’s edition of Stock Talk with Joe Rabil, Joe looks at the longer-term picture for stocks like AAPL, TSLA, and more. He...

Latest News

Kevin McCarthy’s difficult road to becoming House speaker ended early Saturday morning after Republicans appeared to have miscounted the number of votes they needed...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023