Barclays Issues Positive Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price target raised by Barclays from $94.00 to $113.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. assumed coverage on Chesapeake Energy in a research note on Thursday, January 16th. They issued an “overweight” rating and a $112.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Bank of America began coverage on Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.38.

Chesapeake Energy Stock Performance

Shares of EXE opened at $102.72 on Thursday. The firm has a market cap of $23.74 billion, a P/E ratio of 63.41 and a beta of 0.52. The stock’s 50-day moving average is $100.22. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same period in the prior year, the firm posted $1.09 earnings per share. The firm’s quarterly revenue was down 57.1% compared to the same quarter last year. Analysts forecast that Chesapeake Energy will post 1.22 EPS for the current year.

Insider Activity at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 58.00% of the stock is currently owned by corporate 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.