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

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

A number of other equities research analysts have also recently commented on the company. Truist Financial raised their target price on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Bank of America began coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective on the stock. TD Cowen began coverage on Chesapeake Energy in a research note on Friday, January 17th. They set a “hold” rating and a $108.00 target price for the company. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $105.00 to $130.00 in a research note on Friday, January 17th. Finally, Morgan Stanley began coverage on shares of Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.38.

Chesapeake Energy Price Performance

Shares of NASDAQ EXE opened at $101.60 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average price is $100.30. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $109.47. The firm has a market cap of $23.48 billion, a PE ratio of 62.72 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last released 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 company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm’s revenue for the quarter was down 57.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.09 earnings per share. Analysts anticipate that Chesapeake Energy will post 1.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy 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 completion of the sale, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.