Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, UBS Group Analyst Says

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by analysts at UBS Group from $119.00 to $133.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 26.27% from the company’s previous close.

EXE has been the subject of a number of other research reports. Mizuho lifted their target price on Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Piper Sandler initiated coverage on Chesapeake Energy in a report on Tuesday, January 28th. They set a “neutral” rating and a $96.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a report on Wednesday, January 15th. Raymond James initiated coverage on Chesapeake Energy in a report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 target price for the company. Finally, Morgan Stanley initiated coverage on Chesapeake Energy in a report on Friday, January 10th. They set an “overweight” rating and a $127.00 target price for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.18.

Chesapeake Energy Stock Performance

Shares of EXE stock opened at $105.33 on Thursday. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The stock has a market capitalization of $24.34 billion, a price-to-earnings ratio of 65.02 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. The business’s 50-day simple moving average is $101.39.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 58.00% of the company’s stock.

About Chesapeake Energy

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.