Raymond James Upgrades Chesapeake Energy (NASDAQ:EXE) to Strong-Buy

Chesapeake Energy (NASDAQ:EXE - Get Free Report) was upgraded by equities research analysts at Raymond James to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Several other analysts have also weighed in on EXE. Truist Financial boosted their target price on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a "buy" rating in a research note on Monday, January 13th. 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 for the company. Citigroup upped their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Benchmark reissued a "buy" rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, TD Cowen assumed coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They issued a "hold" rating and a $108.00 price target for the company. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Chesapeake Energy has a consensus rating of "Moderate Buy" and a consensus price target of $115.59.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE traded down $0.87 during midday trading on Monday, reaching $103.00. The company had a trading volume of 1,574,929 shares, compared to its average volume of 2,755,068. 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 company's fifty day simple moving average is $100.79. The stock has a market cap of $23.80 billion, a PE ratio of 63.58 and a beta of 0.52. Chesapeake Energy has a one year low of $69.12 and a one year high of $109.47.

Insider Activity at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 5,201 shares of the company's stock, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 58.00% of the stock is currently owned by company 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.