Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price objective hoisted by equities researchers at Morgan Stanley from $137.00 to $154.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's price objective indicates a potential upside of 38.34% from the company's current price.

Other analysts have also recently issued research reports about the company. UBS Group increased their target price on Chesapeake Energy from $119.00 to $133.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Truist Financial decreased their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Raymond James began coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a "strong-buy" rating and a $135.00 target price for the company. Stephens raised shares of Chesapeake Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $86.00 to $123.00 in a report on Tuesday, March 18th. Finally, The Goldman Sachs Group initiated coverage on Chesapeake Energy in a research report on Friday, January 31st. They issued a "buy" rating and a $121.00 price objective on the stock. 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.71.

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Chesapeake Energy Stock Performance

Shares of NASDAQ:EXE traded up $0.38 during midday trading on Thursday, reaching $111.32. 3,076,246 shares of the company's stock were exchanged, compared to its average volume of 3,379,031. 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 business has a 50 day moving average price of $104.12. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $112.42. The stock has a market cap of $25.90 billion, a price-to-earnings ratio of 68.72 and a beta of 0.53.

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

Insider Buying and Selling at Chesapeake Energy

In other news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the transaction, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 58.00% of the company's stock.

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.