Royal Bank of Canada Reiterates Outperform Rating for Chesapeake Energy (NASDAQ:EXE)

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a research report issued on Tuesday,Benzinga reports. They presently have a $116.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.76% from the stock’s previous close.

EXE has been the subject of several other research reports. Citigroup raised their target price on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Mizuho boosted their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Stephens boosted their price target on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy has a consensus rating of “Moderate Buy” and a consensus price target of $115.78.

Chesapeake Energy Trading Up 0.6 %

NASDAQ:EXE traded up $0.66 during mid-day trading on Tuesday, hitting $102.87. The stock had a trading volume of 1,218,590 shares, compared to its average volume of 2,664,735. The firm’s 50-day simple moving average is $97.62. The company has a market capitalization of $23.77 billion, a P/E ratio of 63.50 and a beta of 0.52. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $105.00. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Chesapeake Energy’s quarterly revenue was down 57.1% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Sell-side analysts predict that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of the company’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 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 represents a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 58.00% of the company’s stock.

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.