Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $133.00

Chesapeake Energy (NASDAQ:EXE) had its price target increased by research analysts at Truist Financial from $109.00 to $133.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 30.71% from the stock’s current price.

EXE has been the subject of several other reports. Stephens raised their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $94.00 to $123.00 in a research report on Monday, December 9th. Morgan Stanley initiated coverage on Chesapeake Energy in a research report on Friday. They set an “overweight” rating and a $127.00 price target on the stock. Wells Fargo & Company increased their price objective on Chesapeake Energy from $83.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Finally, Bank of America started coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.78.

Chesapeake Energy Trading Down 0.4 %

NASDAQ EXE traded down $0.40 on Monday, hitting $101.75. The company’s stock had a trading volume of 233,487 shares, compared to its average volume of 2,470,296. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 62.81 and a beta of 0.52. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $105.00. The firm’s 50-day simple moving average is $97.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s revenue was down 57.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. On average, research analysts forecast that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Insider Activity at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was 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. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 58.00% of the stock is currently owned by insiders.

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.