Chesapeake Energy (NASDAQ:EXE) Now Covered by Piper Sandler

Stock analysts at Piper Sandler began coverage on shares of Chesapeake Energy (NASDAQ:EXE - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm set a "neutral" rating and a $96.00 price target on the stock. Piper Sandler's price objective indicates a potential downside of 5.38% from the stock's previous close.

A number of other research analysts have also issued reports on EXE. Royal Bank of Canada restated an "outperform" rating and set a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Benchmark restated a "buy" rating and set a $93.00 price objective on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Morgan Stanley began coverage on shares of Chesapeake Energy in a research report on Friday, January 10th. They set an "overweight" rating and a $127.00 price objective for the company. JPMorgan Chase & Co. began coverage on Chesapeake Energy in a report on Thursday, January 16th. They issued an "overweight" rating and a $112.00 target price for the company. Finally, Stephens raised 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 research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $114.38.

Chesapeake Energy Stock Down 1.2 %

NASDAQ:EXE traded down $1.26 during trading hours on Tuesday, reaching $101.46. The company had a trading volume of 1,144,088 shares, compared to its average volume of 2,942,544. The firm has a market cap of $23.45 billion, a price-to-earnings ratio of 62.71 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. Chesapeake Energy has a one year low of $69.12 and a one year high of $109.47. The business has a 50-day simple moving average of $100.22.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.15. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company's revenue was down 57.1% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share. As a group, sell-side analysts expect that Chesapeake Energy will post 1.22 earnings per share for the current year.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.