Citigroup Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $125.00

Chesapeake Energy (NASDAQ:EXE) had its target price increased by equities research analysts at Citigroup from $115.00 to $125.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 15.88% from the stock’s current price.

Several other research firms have also recently issued reports on EXE. Wells Fargo & Company raised their price target on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday. Truist Financial boosted their price target on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a report on Monday. Bank of America began coverage on Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 price objective on the stock. Morgan Stanley assumed coverage on Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 target price on the stock. Finally, Benchmark restated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $114.73.

Chesapeake Energy Stock Up 2.5 %

Shares of Chesapeake Energy stock traded up $2.63 during trading on Thursday, hitting $107.87. 2,175,809 shares of the company were exchanged, compared to its average volume of 3,010,805. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $107.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a 50 day moving average of $98.23. The stock has a market cap of $24.93 billion, a PE ratio of 66.60 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. The business 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 business’s revenue was down 57.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. Analysts predict that Chesapeake Energy will post 0.89 earnings per share for the current year.

Insider Activity

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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.