Chesapeake Energy (NASDAQ:EXE) Receives "Buy" Rating from Benchmark

Chesapeake Energy (NASDAQ:EXE - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Benchmark in a report issued on Wednesday,Benzinga reports. They currently have a $93.00 target price on the stock. Benchmark's target price suggests a potential downside of 11.63% from the company's current price.

Several other analysts have also recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Chesapeake Energy from $83.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Monday, November 25th. UBS Group upgraded Chesapeake Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $94.00 to $123.00 in a research report on Monday, December 9th. Roth Capital upgraded Chesapeake Energy to a "strong-buy" rating in a research report on Friday, September 27th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $116.00 price target on shares of Chesapeake Energy in a report on Tuesday. Finally, Truist Financial boosted their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the stock a "buy" rating in a report on Monday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.50.

Chesapeake Energy Trading Up 1.1 %

Shares of NASDAQ EXE traded up $1.12 during mid-day trading on Wednesday, hitting $105.24. The company had a trading volume of 3,684,214 shares, compared to its average volume of 3,092,700. The business's 50-day simple moving average is $98.23. The firm has a market capitalization of $24.32 billion, a P/E ratio of 64.96 and a beta of 0.52. 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 has a 1 year low of $69.12 and a 1 year high of $106.27.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The company's quarterly revenue was down 57.1% compared to the same quarter last year. As a group, equities research analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now directly owns 5,201 shares of the company's stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.