Citigroup Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $125.00

Chesapeake Energy (NASDAQ:EXE) had its target price hoisted by Citigroup from $115.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 15.88% from the company’s previous close.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. started coverage on Chesapeake Energy in a research report on Thursday. They set an “overweight” rating and a $112.00 price objective for the company. Bank of America initiated coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Mizuho increased their target price on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Benchmark reaffirmed a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday. Finally, Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.73.

Chesapeake Energy Price Performance

Shares of EXE stock traded up $2.63 on Thursday, hitting $107.87. The stock had a trading volume of 2,175,809 shares, compared to its average volume of 3,010,805. The firm has a 50 day moving average of $98.23. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $107.57. 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 firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 66.60 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business’s quarterly revenue was down 57.1% on a year-over-year basis. On average, equities analysts forecast that Chesapeake Energy will post 0.89 EPS for the current year.

Insider Buying and Selling

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy 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 sale, the director now directly owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

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.