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

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

A number of other analysts also recently issued reports on EXE. Truist Financial increased their price target on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Citigroup increased their price objective 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. Stephens increased their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Mizuho increased their price objective 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. Finally, Piper Sandler assumed coverage on shares of Chesapeake Energy in a report on Tuesday. They set a “neutral” rating and a $96.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $113.93.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE opened at $102.57 on Thursday. The business’s fifty day moving average price is $100.22. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The stock has a market capitalization of $23.70 billion, a P/E ratio of 63.31 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

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

Insider Buying and Selling

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 58.00% of the stock is 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.