Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Barclays Analyst Says

Chesapeake Energy (NASDAQ:EXE - Free Report) had its price target upped by Barclays from $94.00 to $113.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

EXE has been the subject of several other reports. Benchmark reissued a "buy" rating and set a $93.00 price objective on shares of Chesapeake Energy in a report on Wednesday, January 15th. Scotiabank raised Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Citigroup upped their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Royal Bank of Canada reiterated an "outperform" rating and issued a $116.00 target price on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Finally, Stephens upped their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.38.

Chesapeake Energy Stock Up 1.4 %

NASDAQ EXE traded up $1.43 during trading hours on Thursday, reaching $103.03. 1,494,141 shares of the company were exchanged, compared to its average volume of 2,919,862. 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 company has a market cap of $23.81 billion, a PE ratio of 63.64 and a beta of 0.52. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The firm has a 50 day simple moving average of $100.30.

Insider Buying and Selling

In other news, Director Catherine A. Kehr sold 43,623 shares of the business's 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 directly owns 5,201 shares in the company, 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 hyperlink. 0.17% of the stock is owned by company insiders.

Chesapeake Energy Company Profile

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.