Analysts Set Chesapeake Energy Corporation (NASDAQ:EXE) PT at $115.59

Chesapeake Energy Corporation (NASDAQ:EXE - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $115.59.

EXE has been the topic of several research reports. Piper Sandler initiated coverage on Chesapeake Energy in a report on Tuesday, January 28th. They set a "neutral" rating and a $96.00 price target on the stock. Bank of America initiated coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a "buy" rating and a $114.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Chesapeake Energy in a report on Thursday, January 16th. They set an "overweight" rating and a $112.00 price target on the stock. Benchmark restated a "buy" rating and set a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, Stephens upped their target price on Chesapeake Energy from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th.

Insider Buying and Selling at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the business'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 completion of the sale, the director now owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 58.00% of the company's stock.

Chesapeake Energy Trading Up 0.6 %

NASDAQ EXE traded up $0.67 during trading on Friday, hitting $105.79. 2,620,411 shares of the company's stock were exchanged, compared to its average volume of 2,807,663. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $24.45 billion, a P/E ratio of 65.30 and a beta of 0.52. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The firm's 50 day moving average price is $100.94.

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.