Chesapeake Energy (NASDAQ:EXE) Now Covered by TD Cowen

TD Cowen began coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research note issued on Friday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $108.00 price target on the stock. TD Cowen’s price target indicates a potential upside of 0.20% from the stock’s previous close.

Several other brokerages also recently commented on EXE. 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. Citigroup boosted their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of Chesapeake Energy in a research note on Thursday. They issued an “overweight” rating and a $112.00 target price for the company. Finally, Morgan Stanley initiated coverage on Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.17.

Chesapeake Energy Stock Up 2.4 %

NASDAQ:EXE opened at $107.78 on Friday. The firm has a market capitalization of $24.91 billion, a price-to-earnings ratio of 66.53 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $108.83. The business has a 50-day simple moving average of $98.54.

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

Insider Buying and Selling

In other news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction dated 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 owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.