Brokerages Set Chesapeake Energy Corporation (NASDAQ:EXE) Target Price at $115.59

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have earned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $115.59.

EXE has been the subject of several research analyst reports. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $94.00 to $123.00 in a research note on Monday, December 9th. Raymond James started coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 target price for the company. Bank of America started coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. Barclays upped their price target on Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, The Goldman Sachs Group assumed coverage on Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 price objective on the stock.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the sale, 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 filing with the SEC, which is accessible through this link. Insiders own 58.00% of the company’s stock.

Chesapeake Energy Stock Up 2.1 %

Shares of Chesapeake Energy stock opened at $105.12 on Friday. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47. 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’s 50 day moving average is $100.79. The company has a market capitalization of $24.29 billion, a PE ratio of 64.89 and a beta of 0.52.

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.