Chesapeake Energy (NASDAQ:EXE) Earns Buy Rating from Benchmark

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $93.00 target price on the stock. Benchmark’s target price would indicate a potential downside of 13.71% from the company’s previous close.

Other research analysts have also issued reports about the stock. Stephens lifted their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America started coverage on Chesapeake Energy in a research report on Monday, October 28th. They issued a “buy” rating and a $114.00 price target for the company. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their target price on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Finally, Truist Financial increased their price target on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.73.

Chesapeake Energy Stock Performance

NASDAQ EXE opened at $107.78 on Wednesday. The stock’s 50-day moving average is $98.54. 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 has a 52-week low of $69.12 and a 52-week high of $108.83. The stock has a market capitalization of $24.91 billion, a P/E ratio of 66.53 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same period in the previous year, the company posted $1.09 earnings per share. The business’s revenue was down 57.1% on a year-over-year basis. As a group, analysts forecast that Chesapeake Energy will post 0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.17% of the company’s stock.

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.