Wells Fargo & Company Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its target price boosted by investment analysts at Wells Fargo & Company from $100.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 1.28% from the company’s previous close.

EXE has been the subject of several other reports. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price objective for the company. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $123.00 in a report on Monday, December 9th. Citigroup raised their target price on Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Mizuho upped their price target on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Chesapeake Energy in a research note on Thursday. They issued an “overweight” rating and a $112.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.38.

Chesapeake Energy Price Performance

Shares of NASDAQ EXE opened at $106.36 on Thursday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a market cap of $24.58 billion, a P/E ratio of 65.65 and a beta of 0.52. The business’s 50-day moving average is $98.82. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. 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 prior year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was down 57.1% compared to the same quarter last year. Equities research analysts anticipate that Chesapeake Energy will post 0.89 earnings per share for the current fiscal year.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction that occurred 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 directly owns 5,201 shares in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.