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

Stock analysts at The Goldman Sachs Group assumed coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research report issued on Friday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $121.00 price target on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 17.80% from the stock’s current price.

Several other brokerages also recently weighed in on EXE. Citigroup increased their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Truist Financial raised their target price on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. 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. Morgan Stanley began 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. Finally, UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.38.

Chesapeake Energy Trading Up 0.1 %

Shares of NASDAQ:EXE opened at $102.72 on Friday. The company has a market cap of $23.74 billion, a P/E ratio of 63.41 and a beta of 0.52. Chesapeake Energy has a 12 month low of $69.12 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 $100.22.

Chesapeake Energy (NASDAQ:EXE) last released its 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. The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities analysts forecast that Chesapeake Energy will post 1.22 EPS for the current year.

Insider Activity

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 58.00% 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.