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

Chesapeake Energy (NASDAQ:EXE) had its price target upped by analysts at Barclays from $113.00 to $117.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 18.33% from the stock’s previous close.

Several other brokerages also recently weighed in on EXE. Wells Fargo & Company increased their price target on Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Citigroup raised their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Morgan Stanley initiated coverage on Chesapeake Energy in a report on Friday, January 10th. They set an “overweight” rating and a $127.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a report on Tuesday, January 14th. Finally, Benchmark reiterated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.65.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE opened at $98.88 on Friday. 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 business has a 50 day simple moving average of $102.89. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The stock has a market capitalization of $23.01 billion, a P/E ratio of 61.04 and a beta of 0.52.

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

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.