Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Mizuho Analyst Says

Chesapeake Energy (NASDAQ:EXE) had its target price raised by investment analysts at Mizuho from $110.00 to $128.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 32.30% from the stock’s previous close.

Several other equities research analysts also recently issued reports on EXE. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Stephens lifted their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Citigroup boosted their price target on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.71.

Chesapeake Energy Price Performance

NASDAQ EXE opened at $96.75 on Monday. The stock has a 50 day moving average of $92.38. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $101.27. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of 59.72 and a beta of 0.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

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

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the transaction, the director now directly owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.17% 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.