Truist Financial Has Lowered Expectations for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price objective dropped by equities research analysts at Truist Financial from $133.00 to $131.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would indicate a potential upside of 27.68% from the company’s previous close.

A number of other analysts have also issued reports on EXE. Royal Bank of Canada restated an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. UBS Group lifted their price objective on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. TD Cowen initiated coverage on Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 target price on the stock. Raymond James assumed coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.94.

Chesapeake Energy Price Performance

EXE stock opened at $102.60 on Monday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $103.14. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $109.47. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 63.33 and a beta of 0.53.

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

Insider Activity at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired 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 owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.