Barclays Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $113.00

Chesapeake Energy (NASDAQ:EXE) had its price target boosted by research analysts at Barclays from $94.00 to $113.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 10.17% from the stock’s previous close.

EXE has been the subject of several other research reports. Citigroup boosted their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Mizuho boosted their price target on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. JPMorgan Chase & Co. started coverage on shares of Chesapeake Energy in a research note on Thursday, January 16th. They set an “overweight” rating and a $112.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average price target of $113.93.

Chesapeake Energy Price Performance

Chesapeake Energy stock opened at $102.57 on Thursday. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $23.70 billion, a PE ratio of 63.31 and a beta of 0.52. The firm has a 50-day moving average of $100.22.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same quarter in the previous year, the business posted $1.09 EPS. The company’s quarterly revenue was down 57.1% compared to the same quarter last year. Research analysts expect that Chesapeake Energy will post 1.32 earnings per share for the current year.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the company’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 transaction, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 58.00% of the stock is currently owned by company 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.