Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $107.00

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by investment analysts at Wells Fargo & Company from $105.00 to $107.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 0.33% from the company’s current price.

Other research analysts also recently issued research reports about the company. Morgan Stanley started coverage on Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Citigroup upped their price target on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Piper Sandler upped their price target on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Finally, The Goldman Sachs Group began coverage on Chesapeake Energy in a research report on Friday, January 31st. They issued a “buy” rating and a $121.00 price target for the company. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.12.

Chesapeake Energy Stock Performance

EXE stock opened at $107.35 on Thursday. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $109.63. The firm has a 50-day moving average price of $103.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market capitalization of $24.98 billion, a P/E ratio of 66.27 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. Equities analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares of the company’s stock, valued at $10,730,577.50. This represents a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 58.00% of the stock is currently owned by company 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.