Citigroup Increases Chesapeake Energy (NASDAQ:EXE) Price Target to $125.00

Chesapeake Energy (NASDAQ:EXE) had its price target boosted by investment analysts at Citigroup from $115.00 to $125.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 17.53% from the stock’s previous close.

EXE has been the topic of a number of other research reports. Truist Financial increased their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Wells Fargo & Company lifted their price target on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday. Mizuho increased their price objective on Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $94.00 to $123.00 in a research note on Monday, December 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $115.38.

Chesapeake Energy Stock Down 1.3 %

Shares of NASDAQ EXE opened at $106.36 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $98.82. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company has a market capitalization of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52.

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

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $517,915.58. This represents 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. 58.00% of the stock is owned by corporate 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.