Chesapeake Energy (NASDAQ:EXE) Rating Increased to Strong-Buy at Raymond James

Raymond James upgraded shares of Chesapeake Energy (NASDAQ:EXE) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

A number of other research analysts have also weighed in on EXE. Bank of America started coverage on Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. Benchmark restated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Mizuho boosted their price target on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $94.00 to $123.00 in a research note on Monday, December 9th. Finally, Barclays boosted their price target on Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. 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. Based on data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.59.

Chesapeake Energy Stock Up 1.0 %

NASDAQ:EXE opened at $103.95 on Monday. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 64.17 and a beta of 0.52. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. The business’s 50 day moving average is $100.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Insider Activity

In other news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

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.