Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $112.00 at Benchmark

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price target raised by analysts at Benchmark from $93.00 to $112.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price target points to a potential upside of 11.84% from the company's current price.

Several other analysts have also commented on EXE. Barclays dropped their target price on Chesapeake Energy from $117.00 to $115.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th. Citigroup lifted their target price 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. Piper Sandler increased their price target on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a "neutral" rating in a report on Thursday, March 6th. UBS Group lifted their price objective on shares of Chesapeake Energy from $119.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Morgan Stanley increased their target price on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $122.82.

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Chesapeake Energy Stock Up 0.1 %

Shares of NASDAQ:EXE traded up $0.09 during trading on Thursday, hitting $100.15. The stock had a trading volume of 3,409,152 shares, compared to its average volume of 3,476,279. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $114.03. The firm has a market capitalization of $23.30 billion, a PE ratio of 61.63 and a beta of 0.44. The business's 50-day moving average price is $104.42.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, sell-side analysts forecast that Chesapeake Energy will post 1.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction on Wednesday, March 5th. The shares were bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the completion of the purchase, the chief executive officer now directly owns 107,845 shares of the company's stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 58.00% of the company's stock.

Institutional Trading of Chesapeake Energy

Several institutional investors have recently made changes to their positions in EXE. GAMMA Investing LLC purchased a new stake in Chesapeake Energy in the first quarter valued at $36,507,000. Parallel Advisors LLC acquired a new position in Chesapeake Energy in the first quarter valued at about $286,000. Finally, Doliver Advisors LP purchased a new position in Chesapeake Energy during the first quarter worth about $446,000. Hedge funds and other institutional investors own 97.93% 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.