Chesapeake Energy (NASDAQ:EXE - Get Free Report) was upgraded by equities researchers at Sanford C. Bernstein to a "strong-buy" rating in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage presently has a $150.00 target price on the stock. Sanford C. Bernstein's price target would indicate a potential upside of 31.13% from the stock's previous close.
EXE has been the subject of a number of other reports. The Goldman Sachs Group initiated coverage on shares of Chesapeake Energy in a research note on Friday, January 31st. They set a "buy" rating and a $121.00 price objective for the company. Wells Fargo & Company raised their price target on Chesapeake Energy from $107.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 2nd. Truist Financial cut their price target on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a report on Monday, March 17th. Barclays raised Chesapeake Energy from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. Finally, Piper Sandler upgraded Chesapeake Energy from a "neutral" rating to an "overweight" rating and set a $136.00 price objective for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chesapeake Energy has a consensus rating of "Buy" and an average target price of $126.63.
View Our Latest Stock Report on Chesapeake Energy
Chesapeake Energy Stock Down 0.3%
Chesapeake Energy stock opened at $114.39 on Thursday. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $116.46. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 70.61 and a beta of 0.46. The stock's fifty day moving average is $107.70 and its two-hundred day moving average is $102.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.
Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.17. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.10 billion. Analysts predict that Chesapeake Energy will post 1.33 EPS for the current fiscal year.
Insider Buying and Selling at Chesapeake Energy
In other news, CEO Domenic J. Dell'osso, Jr. acquired 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 acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at $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 is available at this hyperlink. 0.19% of the stock is owned by company insiders.
Institutional Trading of Chesapeake Energy
A number of institutional investors have recently modified their holdings of the company. Harbour Investments Inc. purchased a new position in Chesapeake Energy in the first quarter valued at approximately $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of Chesapeake Energy in the first quarter worth $27,000. First Horizon Advisors Inc. purchased a new position in shares of Chesapeake Energy in the 1st quarter valued at $28,000. Quarry LP acquired a new position in shares of Chesapeake Energy during the 1st quarter valued at $28,000. Finally, Cheviot Value Management LLC acquired a new position in shares of Chesapeake Energy during the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 97.93% of the company's stock.
About Chesapeake Energy
(
Get Free Report)
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.
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