Royal Bank of Canada Reaffirms “Outperform” Rating for Chesapeake Energy (NASDAQ:EXE)

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They presently have a $116.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.22% from the stock’s current price.

Other research analysts also recently issued reports about the company. Truist Financial boosted their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research note on Monday. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $94.00 to $123.00 in a report on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Finally, Stephens upped their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Energy presently has an average rating of “Moderate Buy” and a consensus price target of $113.50.

Chesapeake Energy Stock Performance

NASDAQ:EXE opened at $105.24 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $106.27. The firm’s 50 day moving average price is $98.23. The firm has a market cap of $24.32 billion, a P/E ratio of 64.96 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Chesapeake Energy’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Research analysts predict that Chesapeake Energy will post 0.86 EPS for the current year.

Insider Transactions 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 shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 58.00% of the company’s stock.

About Chesapeake Energy

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.