Raymond James Begins Coverage on Chesapeake Energy (NASDAQ:EXE)

Stock analysts at Raymond James began coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research report issued on Tuesday, Marketbeat.com reports. The firm set a “strong-buy” rating and a $135.00 price target on the stock. Raymond James’ price target would suggest a potential upside of 28.46% from the company’s previous close.

EXE has been the topic of several other research reports. Piper Sandler initiated coverage on Chesapeake Energy in a research report on Tuesday, January 28th. They set a “neutral” rating and a $96.00 target price on the stock. Truist Financial lifted their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Wells Fargo & Company increased their target price on shares of Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. TD Cowen initiated coverage on shares of Chesapeake Energy in a research report on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective for the company. Finally, Barclays increased their price objective on shares of Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Energy has a consensus rating of “Moderate Buy” and an average price target of $115.59.

Chesapeake Energy Stock Up 1.1 %

Shares of NASDAQ:EXE opened at $105.09 on Tuesday. The stock’s 50 day moving average price is $100.61. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 64.87 and a beta of 0.52.

Insider Activity at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently 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.