JPMorgan Chase & Co. Lowers Chesapeake Energy (NASDAQ:EXE) Price Target to $114.00

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its target price reduced by investment analysts at JPMorgan Chase & Co. from $115.00 to $114.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 8.50% from the stock's current price.

EXE has been the topic of a number of other research reports. Scotiabank upgraded Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $105.00 to $130.00 in a research note on Friday, January 17th. Raymond James started coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a "strong-buy" rating and a $135.00 price target on the stock. The Goldman Sachs Group began coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They set a "buy" rating and a $121.00 price objective for the company. Mizuho lifted their price target on Chesapeake Energy from $128.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Citigroup upped their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.94.

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Chesapeake Energy Stock Performance

NASDAQ EXE traded up $2.47 during trading hours on Thursday, hitting $105.07. 1,672,621 shares of the company traded hands, compared to its average volume of 3,187,886. 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 stock has a 50-day simple moving average of $103.14. The stock has a market cap of $24.45 billion, a PE ratio of 64.86 and a beta of 0.53. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47.

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, topping the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. Analysts predict that Chesapeake Energy will post 1.33 EPS for the current year.

Insider Buying and Selling

In related news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average cost of $99.50 per share, with a total value of $248,750.00. Following the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 58.00% of the stock is 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.