Chesapeake Energy Corporation (NASDAQ:EXE) Given Average Recommendation of “Moderate Buy” by Brokerages

Chesapeake Energy Corporation (NASDAQ:EXE) has been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $116.18.

A number of research firms recently commented on EXE. Raymond James began coverage on shares of Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 14th. UBS Group boosted their price objective on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho increased their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $105.00 to $130.00 in a research report on Friday, January 17th.

Chesapeake Energy Stock Performance

Shares of EXE stock opened at $105.33 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $24.34 billion, a price-to-earnings ratio of 65.02 and a beta of 0.52. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47. The stock has a 50-day moving average of $101.39.

Insider Activity at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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.