JPMorgan Chase & Co. Issues Pessimistic Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $115.00 to $114.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 11.11% from the company’s previous close.

A number of other brokerages have also recently issued reports on EXE. Scotiabank upgraded shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $105.00 to $130.00 in a research report on Friday, January 17th. Benchmark reiterated a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Barclays increased their target price on shares of Chesapeake Energy from $113.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. UBS Group increased their target price on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Citigroup increased their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Five 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $117.06.

Chesapeake Energy Stock Performance

NASDAQ:EXE opened at $102.60 on Thursday. The stock’s 50-day simple moving average is $103.14. The company has a market cap of $23.88 billion, a P/E ratio of 63.33 and a beta of 0.53. Chesapeake Energy has a 52 week low of $81.66 and a 52 week high of $109.47. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

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

Insider Buying and Selling

In other news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 58.00% of the stock is currently owned by insiders.

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.