Stephens Upgrades Chesapeake Energy (NASDAQ:EXE) to “Overweight”

Chesapeake Energy (NASDAQ:EXE) was upgraded by Stephens from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday,Finviz reports. The brokerage presently has a $123.00 target price on the stock, up from their previous target price of $86.00. Stephens’ price objective points to a potential upside of 16.51% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. TD Cowen assumed coverage on Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Chesapeake Energy in a research note on Friday, January 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Truist Financial dropped their price objective on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday. Mizuho boosted their price objective on Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Benchmark reissued a “buy” rating and issued a $93.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.12.

Chesapeake Energy Trading Up 2.9 %

Shares of EXE opened at $105.57 on Tuesday. The firm has a market cap of $24.57 billion, a P/E ratio of 65.17 and a beta of 0.53. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $109.47. The stock’s 50-day moving average is $103.22. 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 (NASDAQ:EXE) last announced its earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Equities research analysts predict that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. The trade was a 2.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.