Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $101.00 at Piper Sandler

Chesapeake Energy (NASDAQ:EXE) had its price target boosted by equities research analysts at Piper Sandler from $96.00 to $101.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential downside of 0.63% from the stock’s previous close.

EXE has been the topic of several other reports. The Goldman Sachs Group initiated coverage on Chesapeake Energy in a report on Friday, January 31st. They set a “buy” rating and a $121.00 target price on the stock. Citigroup raised their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a report on Tuesday, January 14th. Truist Financial increased their price target on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, TD Cowen began coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.94.

Chesapeake Energy Trading Up 0.9 %

EXE opened at $101.64 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $109.47. The stock’s 50 day simple moving average is $103.07. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 62.74 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, analysts predict that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of $99.50 per share, with a total value of $248,750.00. Following the completion of the purchase, the chief executive officer now owns 107,845 shares in the company, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 58.00% of the company’s stock.

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.