Wells Fargo & Company Increases Chesapeake Energy (NASDAQ:EXE) Price Target to $112.00

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by analysts at Wells Fargo & Company from $107.00 to $112.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 1.12% from the company’s previous close.

EXE has been the topic of a number of other reports. TD Cowen assumed coverage on Chesapeake Energy in a report on Friday, January 17th. They set a “hold” rating and a $108.00 price target on the stock. Truist Financial dropped their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Piper Sandler boosted their price objective on shares of Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. The Goldman Sachs Group began coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 target price on the stock. Finally, Scotiabank upgraded shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $105.00 to $130.00 in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.24.

Chesapeake Energy Stock Performance

Shares of EXE traded up $0.52 during mid-day trading on Wednesday, reaching $113.26. The company had a trading volume of 511,647 shares, compared to its average volume of 3,355,528. Chesapeake Energy has a 52 week low of $81.66 and a 52 week high of $113.34. 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 stock has a market capitalization of $26.36 billion, a P/E ratio of 69.94 and a beta of 0.53. The stock’s 50-day moving average is $104.34.

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

Insider Activity at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 58.00% of the stock is owned by 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.