Chesapeake Energy (NASDAQ:EXE) Rating Increased to Buy at UBS Group

Chesapeake Energy (NASDAQ:EXE) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday,Finviz reports. The brokerage currently has a $123.00 target price on the stock. UBS Group’s price target suggests a potential upside of 27.37% from the stock’s previous close.

EXE has been the topic of a number of other research reports. Wells Fargo & Company lifted their price target on Chesapeake Energy from $83.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Citigroup lifted their target price on shares of Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday. Mizuho boosted their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Royal Bank of Canada raised their price objective on shares of Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.14.

Chesapeake Energy Stock Performance

Shares of NASDAQ:EXE opened at $96.57 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 company has a market capitalization of $22.32 billion, a PE ratio of 59.61 and a beta of 0.52. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $101.27. The business’s 50 day simple moving average is $91.21.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company’s revenue was down 57.1% compared to the same quarter last year. During the same period last year, the company posted $1.09 EPS. On average, sell-side analysts expect that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is currently owned by company 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.