Chesapeake Energy (NASDAQ:EXE) Receives "Outperform" Rating from Royal Bank of Canada

Chesapeake Energy (NASDAQ:EXE - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Royal Bank of Canada in a report issued on Tuesday,Benzinga reports. They presently have a $116.00 target price on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 11.41% from the stock's previous close.

EXE has been the topic of several other reports. Wells Fargo & Company upped their price objective on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an "equal weight" rating in a report on Monday, November 25th. Truist Financial raised their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley began coverage on shares of Chesapeake Energy in a report on Friday. They set an "overweight" rating and a $127.00 target price on the stock. Bank of America started coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a "buy" rating and a $114.00 price target for the company. Finally, Mizuho boosted their price objective on Chesapeake Energy from $110.00 to $128.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.78.

Chesapeake Energy Stock Performance

EXE traded up $1.91 during midday trading on Tuesday, reaching $104.12. The company had a trading volume of 3,988,783 shares, compared to its average volume of 3,018,773. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $105.00. The business's 50-day moving average price is $97.62. The company has a market capitalization of $24.06 billion, a PE ratio of 64.27 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.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same period in the prior year, the company earned $1.09 earnings per share. Chesapeake Energy's revenue was down 57.1% compared to the same quarter last year. On average, research analysts anticipate that Chesapeake Energy will post 0.86 earnings per share for the current year.

Insider Transactions at Chesapeake Energy

In related 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 value of $4,343,978.34. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 58.00% of the stock is owned by 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.