Barclays Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its target price increased by equities research analysts at Barclays from $94.00 to $113.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 11.22% from the company’s previous close.

EXE has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $116.00 target price on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Stephens boosted their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $105.00 to $130.00 in a research report on Friday, January 17th. Finally, Mizuho boosted their price target on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.38.

Chesapeake Energy Stock Down 1.1 %

Shares of EXE opened at $101.60 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company has a market capitalization of $23.48 billion, a P/E ratio of 62.72 and a beta of 0.52. The stock has a fifty day moving average of $100.30.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm 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 company earned $1.09 EPS. The firm’s revenue for the quarter was down 57.1% compared to the same quarter last year. As a group, research analysts anticipate that Chesapeake Energy will post 1.22 earnings per share for the current fiscal year.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the sale, the director now owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 58.00% of the stock is currently owned by corporate 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.