Wells Fargo & Company Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its price target raised by equities research analysts at Wells Fargo & Company from $83.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 1.12% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Mizuho boosted their price objective on Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. UBS Group boosted their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Bank of America assumed coverage on Chesapeake Energy in a research note on Monday, October 28th. They set a “buy” rating and a $114.00 price objective on the stock. Stephens boosted their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.71.

Chesapeake Energy Stock Up 0.0 %

Shares of EXE stock opened at $98.89 on Monday. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $101.27. 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 $22.85 billion, a PE ratio of 61.03 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (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 firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. During the same period in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was down 57.1% compared to the same quarter last year. Equities research analysts predict that Chesapeake Energy will post 0.86 earnings per share for the current year.

Insider Activity at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction 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 owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.17% of the stock is owned by company insiders.

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.