Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Chesapeake Energy (NASDAQ:EXE) had its price target raised by equities research analysts at Morgan Stanley from $137.00 to $154.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 40.00% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Barclays cut their price objective on Chesapeake Energy from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. Raymond James began coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 target price on the stock. Truist Financial lowered their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $120.71.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE traded up $0.06 during trading on Thursday, hitting $110.00. 1,250,328 shares of the company were exchanged, compared to its average volume of 3,238,492. 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 has a 12-month low of $81.66 and a 12-month high of $111.17. The company’s fifty day moving average is $103.99. The stock has a market cap of $25.60 billion, a price-to-earnings ratio of 67.90 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Research analysts anticipate that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 58.00% of the stock is owned by corporate 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.