Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Chesapeake Energy (NASDAQ:EXEGet Free Report) had its price objective raised by equities researchers at Wells Fargo & Company from $100.00 to $105.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 1.28% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. initiated coverage on shares of Chesapeake Energy in a report on Thursday. They issued an “overweight” rating and a $112.00 price target on the stock. Citigroup lifted their price objective on Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial upped their target price on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

View Our Latest Research Report on EXE

Chesapeake Energy Trading Down 1.3 %

EXE stock opened at $106.36 on Thursday. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $24.58 billion, a P/E ratio of 65.65 and a beta of 0.52. The business’s 50-day moving average is $98.82.

Chesapeake Energy (NASDAQ:EXEGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s quarterly revenue was down 57.1% on a year-over-year basis. On average, equities research analysts expect that Chesapeake Energy will post 0.89 earnings per share 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 stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 58.00% of the stock is owned by company insiders.

Chesapeake Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Chesapeake Energy (NASDAQ:EXE)

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