Wells Fargo & Company Increases Chesapeake Energy (NASDAQ:EXE) Price Target to $107.00

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price target lifted by analysts at Wells Fargo & Company from $105.00 to $107.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential downside of 1.92% from the company's previous close.

EXE has been the topic of several other research reports. Scotiabank raised shares of Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $105.00 to $130.00 in a research report on Friday, January 17th. Truist Financial lowered their price target on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group assumed coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a "buy" rating and a $121.00 price objective on the stock. Stephens raised Chesapeake Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $86.00 to $123.00 in a research note on Tuesday, March 18th. Finally, Barclays dropped their price objective on shares of Chesapeake Energy from $117.00 to $115.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.12.

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Chesapeake Energy Stock Performance

Shares of EXE stock traded up $1.75 during trading hours on Thursday, reaching $109.10. The company had a trading volume of 5,712,480 shares, compared to its average volume of 3,240,878. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $109.63. The firm has a market cap of $25.39 billion, a P/E ratio of 67.35 and a beta of 0.53. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a fifty day simple moving average of $103.65.

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

Insider Buying and Selling at Chesapeake Energy

In related news, CEO Domenic J. Dell'osso, Jr. acquired 2,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of $99.50 per share, for a total transaction 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. The trade was a 2.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 58.00% of the stock is currently owned by insiders.

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.