Piper Sandler Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by equities research analysts at Piper Sandler from $96.00 to $101.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 5.18% from the company’s current price.

Several other brokerages also recently issued reports on EXE. Raymond James assumed coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective for the company. Scotiabank upgraded Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $105.00 to $130.00 in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Barclays lifted their price objective on Chesapeake Energy from $113.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, UBS Group lifted their price objective on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $116.94.

Chesapeake Energy Price Performance

Chesapeake Energy stock opened at $96.03 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $22.35 billion, a P/E ratio of 59.28 and a beta of 0.53. Chesapeake Energy has a one year low of $81.66 and a one year high of $109.47. The stock’s 50 day moving average is $103.06.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Equities analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 58.00% 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.