Chesapeake Energy (NASDAQ:EXE) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of Chesapeake Energy (NASDAQ:EXE) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Other research analysts have also issued research reports about 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 report on Monday, January 13th. Mizuho raised their target price on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Stephens raised their target price on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. initiated coverage on Chesapeake Energy in a report on Thursday, January 16th. They issued an “overweight” rating and a $112.00 target price on the stock. Finally, Bank of America initiated coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

Chesapeake Energy Stock Performance

Shares of NASDAQ:EXE opened at $103.95 on Monday. The business has a 50 day moving average price of $100.48. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 64.17 and a beta of 0.52. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.