Wells Fargo & Company Boosts Chesapeake Energy (NASDAQ:EXE) Price Target to $100.00

Chesapeake Energy (NASDAQ:EXE) had its price objective raised by equities research analysts at Wells Fargo & Company from $83.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 1.12% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Royal Bank of Canada increased their price objective on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Mizuho increased their price objective on Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. UBS Group increased their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Stephens raised their target price on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $101.71.

Chesapeake Energy Stock Performance

Shares of EXE stock opened at $98.89 on Monday. The stock has a market cap of $22.85 billion, a P/E ratio of 61.03 and a beta of 0.46. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $101.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Chesapeake Energy’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 EPS. As a group, equities analysts anticipate that Chesapeake Energy will post 0.86 EPS for the current year.

Insider Activity at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.17% of the stock is 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.