Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $115.00 at Citigroup

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its target price lifted by stock analysts at Citigroup from $100.00 to $115.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 19.42% from the stock's previous close.

Other analysts also recently issued reports about the stock. Stephens lifted their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Bank of America assumed coverage on Chesapeake Energy in a research note on Monday, October 28th. They set a "buy" rating and a $114.00 price objective on the stock. UBS Group upped their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an "equal weight" rating in a research note on Monday, November 25th. Finally, Mizuho lifted their price objective on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.29.

Chesapeake Energy Price Performance

Shares of EXE stock traded down $0.43 on Friday, reaching $96.30. 900,806 shares of the stock were exchanged, compared to its average volume of 2,100,239. The company has a market capitalization of $22.25 billion, a PE ratio of 59.62 and a beta of 0.52. Chesapeake Energy has a one year low of $69.12 and a one year high of $101.27. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm's 50 day moving average price is $91.09.

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

Insider Buying and Selling

In other news, Director Catherine A. Kehr sold 43,623 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares of the company's stock, 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 SEC, which is available through the SEC website. 58.00% of the stock is owned by corporate 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.

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