Chesapeake Energy (NASDAQ:EXE) Coverage Initiated by Analysts at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a report released on Friday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $121.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 17.80% from the company’s previous close.

EXE has been the topic of a number of other reports. Truist Financial raised their target price on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research note on Monday, January 13th. TD Cowen assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $94.00 to $123.00 in a report on Monday, December 9th. Finally, Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $105.00 to $130.00 in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chesapeake Energy currently has an average rating of “Moderate Buy” and a consensus target price of $114.38.

Chesapeake Energy Stock Up 0.1 %

NASDAQ EXE opened at $102.72 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $23.74 billion, a P/E ratio of 63.41 and a beta of 0.52. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47. The firm’s 50-day simple moving average is $100.22.

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

Insider Buying and Selling

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 58.00% of the stock is 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.