Chesapeake Energy (NASDAQ:EXE) Given New $114.00 Price Target at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price target boosted by Wells Fargo & Company from $112.00 to $114.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would indicate a potential downside of 4.15% from the stock's previous close.

A number of other equities analysts have also commented on EXE. Piper Sandler raised their price target on shares of Chesapeake Energy from $136.00 to $139.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 28th. Stephens lowered their price target on shares of Chesapeake Energy from $123.00 to $118.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Mizuho raised their price target on shares of Chesapeake Energy from $136.00 to $141.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. KeyCorp increased their price objective on shares of Chesapeake Energy from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Truist Financial reduced their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Chesapeake Energy has an average rating of "Buy" and an average target price of $127.16.

Chesapeake Energy Stock Up 2.1%

Shares of EXE stock traded up $2.48 during trading on Monday, reaching $118.94. The company's stock had a trading volume of 1,025,120 shares, compared to its average volume of 3,357,394. The business has a fifty day moving average price of $110.17 and a 200-day moving average price of $105.18. 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 company has a market cap of $28.31 billion, a price-to-earnings ratio of 73.49 and a beta of 0.49. Chesapeake Energy has a one year low of $81.66 and a one year high of $120.04.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.10 billion. Analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXE. Harbour Investments Inc. bought a new position in shares of Chesapeake Energy in the first quarter worth approximately $27,000. Transamerica Financial Advisors LLC bought a new position in shares of Chesapeake Energy in the first quarter worth approximately $27,000. First Horizon Advisors Inc. bought a new position in shares of Chesapeake Energy in the first quarter worth approximately $28,000. Quarry LP bought a new position in shares of Chesapeake Energy in the first quarter worth approximately $28,000. Finally, Cheviot Value Management LLC bought a new position in shares of Chesapeake Energy in the first quarter worth approximately $29,000. Institutional investors own 97.93% 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.

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