Stephens Upgrades Chesapeake Energy (NASDAQ:EXE) to “Overweight”

Chesapeake Energy (NASDAQ:EXE) was upgraded by research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday,Finviz reports. The brokerage presently has a $123.00 price target on the stock, up from their prior price target of $86.00. Stephens’ price objective suggests a potential upside of 16.51% from the company’s current price.

Several other equities analysts also recently commented on the company. Morgan Stanley initiated coverage on Chesapeake Energy in a research note on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Piper Sandler increased their target price on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Finally, UBS Group increased their target price on Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Four equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.12.

Chesapeake Energy Stock Up 2.9 %

EXE stock opened at $105.57 on Tuesday. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $109.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $103.22. The company has a market capitalization of $24.57 billion, a price-to-earnings ratio of 65.17 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, research analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current year.

Insider Activity at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. The trade was a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 58.00% of the stock is owned by 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.