Benchmark Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $112.00

Chesapeake Energy (NASDAQ:EXE) had its target price boosted by equities research analysts at Benchmark from $93.00 to $112.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 0.85% from the stock’s current price.

Other research analysts have also issued reports about the stock. TD Cowen assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 price target on the stock. Truist Financial dropped their target price on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group started coverage on Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a report on Tuesday, January 14th. Finally, Mizuho upped their price objective on Chesapeake Energy from $132.00 to $136.00 and gave the company an “outperform” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.35.

Chesapeake Energy Trading Down 2.5 %

Chesapeake Energy stock traded down $2.81 during midday trading on Thursday, reaching $111.06. The stock had a trading volume of 928,307 shares, compared to its average volume of 3,356,942. The business has a fifty day moving average price of $104.48. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $114.03. 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 company has a market cap of $25.84 billion, a P/E ratio of 68.56 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, equities research analysts predict 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. bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 58.00% of the stock is owned by company insiders.

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.