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

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price target lifted by equities researchers at Citigroup from $115.00 to $125.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's target price would indicate a potential upside of 17.53% from the stock's current price.

EXE has been the subject of several other reports. Stephens raised their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an "equal weight" rating in a research report on Thursday. Truist Financial boosted their target price on Chesapeake Energy from $109.00 to $133.00 and gave the stock a "buy" rating in a report on Monday. Roth Capital raised Chesapeake Energy to a "strong-buy" rating in a report on Friday, September 27th. Finally, Mizuho upped their price objective on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $115.38.

Chesapeake Energy Trading Down 1.3 %

Shares of NASDAQ:EXE traded down $1.42 during trading on Thursday, hitting $106.36. 3,022,142 shares of the company were exchanged, compared to its average volume of 3,218,849. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The stock has a market capitalization of $24.58 billion, a PE ratio of 65.65 and a beta of 0.52. 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 has a fifty day simple moving average of $98.82.

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 for the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm's revenue for the quarter was down 57.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. As a group, research analysts predict that Chesapeake Energy will post 0.89 EPS for the current year.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction 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 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.