Truist Financial Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its target price increased by equities research analysts at Truist Financial from $109.00 to $133.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 27.74% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Stephens increased their target price on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Morgan Stanley assumed coverage on Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price objective for the company. Wells Fargo & Company boosted their target price 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. Bank of America started coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They set a “buy” rating and a $114.00 price target on the stock. Finally, UBS Group raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.78.

Chesapeake Energy Stock Performance

Chesapeake Energy stock opened at $104.12 on Monday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a one year low of $69.12 and a one year high of $105.00. The firm has a market capitalization of $24.06 billion, a P/E ratio of 64.27 and a beta of 0.52. The firm has a fifty day simple moving average of $97.97.

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

Insider Activity

In other 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 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 58.00% of the company’s stock.

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.