The Goldman Sachs Group initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE - Free Report) in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $121.00 price objective on the stock.
Several other analysts also recently commented on EXE. Mizuho raised their price objective on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. JPMorgan Chase & Co. initiated coverage on shares of Chesapeake Energy in a research note on Thursday, January 16th. They issued an "overweight" rating and a $112.00 price target for the company. Citigroup increased their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Piper Sandler assumed coverage on Chesapeake Energy in a research report on Tuesday, January 28th. They issued a "neutral" rating and a $96.00 target price for the company. Finally, TD Cowen assumed coverage on Chesapeake Energy in a research note on Friday, January 17th. They issued a "hold" rating and a $108.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $115.59.
Check Out Our Latest Stock Analysis on EXE
Chesapeake Energy Stock Performance
Shares of NASDAQ:EXE traded up $1.05 during midday trading on Friday, reaching $103.92. The company's stock had a trading volume of 1,882,617 shares, compared to its average volume of 2,899,046. The stock has a 50 day moving average of $100.30. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 64.15 and a beta of 0.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.
Insider Activity at Chesapeake Energy
In related news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction 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 sale, the director now owns 5,201 shares in the company, 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 SEC, which is accessible through the SEC website. 0.17% of the stock is currently owned by corporate insiders.
About Chesapeake Energy
(
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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.
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