Chesapeake Energy Set To Become Largest Natural Gas Producer In US, Says Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Chesapeake Energy's Stock Performance: Shares of Chesapeake Energy Corp rose 3.3% to $82.98 as oil prices increased following a lower-than-expected inflation report for August, with analysts predicting rising gas prices in the coming years due to its merger with Southwestern Energy Co.
Analyst Outlook: Analyst Leo Mariani initiated coverage with a Buy rating and a price target of $92, highlighting Chesapeake's competitive cost structure and potential for increased gas pricing driven by LNG deals in the future.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
