Chesapeake Energy (NASDAQ:EXE) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a report published on Friday morning, Marketbeat reports. The brokerage issued a buy rating and a $121.00 price objective on the stock.

EXE has been the subject of several other research reports. Mizuho upped their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Wells Fargo & Company raised their target price on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Stephens raised their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. began coverage on shares of Chesapeake Energy in a research note on Thursday, January 16th. They issued an “overweight” rating and a $112.00 price objective for the company. Finally, TD Cowen began coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.38.

Chesapeake Energy Stock Performance

Shares of EXE stock opened at $101.60 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $23.48 billion, a PE ratio of 62.72 and a beta of 0.52. The company has a 50 day simple moving average of $100.30. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47.

Insider Buying and Selling

In other news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction 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 directly owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.