Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $136.00

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price objective lifted by investment analysts at Mizuho from $132.00 to $136.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective indicates a potential upside of 19.43% from the stock's previous close.

A number of other research firms also recently issued reports on EXE. Truist Financial dropped their price target on Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Morgan Stanley upped their price target on shares of Chesapeake Energy from $137.00 to $154.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their price objective on shares of Chesapeake Energy from $115.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. 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. Finally, Piper Sandler increased their price target on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a "neutral" rating in a research report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $121.24.

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Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock traded up $1.13 during trading on Tuesday, hitting $113.87. 3,047,010 shares of the company's stock traded hands, compared to its average volume of 3,374,485. Chesapeake Energy has a 1 year low of $81.66 and a 1 year high of $115.16. The stock has a 50-day simple moving average of $104.48. The stock has a market cap of $26.50 billion, a PE ratio of 70.29 and a beta of 0.53. 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 (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.82 billion. On average, equities analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 58.00% of the stock is currently owned by corporate insiders.

Chesapeake Energy Company Profile

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.