Chesapeake Energy (NASDAQ:EXE) Raised to Sector Outperform at Scotiabank

Chesapeake Energy (NASDAQ:EXE - Get Free Report) was upgraded by equities research analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a report issued on Friday, MarketBeat Ratings reports. The firm currently has a $130.00 price objective on the stock, up from their previous price objective of $105.00. Scotiabank's price target indicates a potential upside of 22.23% from the stock's previous close.

EXE has been the topic of several other reports. Benchmark restated a "buy" rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday. Royal Bank of Canada restated an "outperform" rating and set a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday. Morgan Stanley started coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They issued an "overweight" rating and a $127.00 price objective on the stock. Citigroup raised their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Stephens upped their target price 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. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.38.

Chesapeake Energy Stock Down 1.3 %

Shares of Chesapeake Energy stock traded down $1.42 on Friday, reaching $106.36. The company's stock had a trading volume of 3,022,142 shares, compared to its average volume of 2,075,145. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47. The company's fifty day moving average price is $98.82. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The company has a market cap of $24.58 billion, a P/E ratio of 65.65 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.15. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Chesapeake Energy's revenue was down 57.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, research analysts predict that Chesapeake Energy will post 0.89 EPS for the current year.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the transaction, the director now owns 5,201 shares of the company's stock, valued at $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.17% 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.