Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Benchmark Analyst Says

Chesapeake Energy (NASDAQ:EXE) had its price target lifted by investment analysts at Benchmark from $93.00 to $112.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 11.99% from the company’s previous close.

A number of other brokerages have also recently weighed in on EXE. Scotiabank upgraded shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Mizuho lifted their target price on Chesapeake Energy from $132.00 to $136.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group started coverage on Chesapeake Energy in a report on Friday, January 31st. They set a “buy” rating and a $121.00 target price for the company. Piper Sandler lifted their price target on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Finally, Truist Financial cut their price objective on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.35.

Chesapeake Energy Stock Down 9.5 %

Shares of Chesapeake Energy stock opened at $100.01 on Thursday. The company has a fifty day moving average price of $104.45. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $114.03. The firm has a market capitalization of $23.27 billion, a price-to-earnings ratio of 61.73 and a beta of 0.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

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

Insider Transactions at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 58.00% of the stock is currently owned by company 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.