Stephens Has Lowered Expectations for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price objective cut by stock analysts at Stephens from $123.00 to $118.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Stephens' price objective points to a potential upside of 10.81% from the company's previous close.

EXE has been the subject of a number of other reports. Truist Financial reduced their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating for the company in a report on Monday, March 17th. Scotiabank raised Chesapeake Energy from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Citigroup raised their target price on Chesapeake Energy from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Benchmark upped their price target on Chesapeake Energy from $93.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, April 3rd. Finally, Barclays upgraded Chesapeake Energy from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $115.00 to $122.00 in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Chesapeake Energy has a consensus rating of "Buy" and an average price target of $122.71.

Chesapeake Energy Stock Up 1.7 %

Shares of Chesapeake Energy stock traded up $1.74 during trading on Tuesday, reaching $106.49. 3,549,192 shares of the company traded hands, compared to its average volume of 3,533,406. 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 firm has a market capitalization of $24.78 billion, a PE ratio of 65.73 and a beta of 0.44. The company has a 50 day moving average price of $104.36 and a 200-day moving average price of $99.09. Chesapeake Energy has a 1-year low of $81.66 and a 1-year high of $114.03.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating 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 firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. As a group, equities research analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell'osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the purchase, the chief executive officer now directly owns 107,845 shares of the company's stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 58.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Princeton Global Asset Management LLC bought a new position in shares of Chesapeake Energy in the first quarter worth $31,000. Peoples Bank KS bought a new position in Chesapeake Energy in the 1st quarter worth about $33,000. Future Financial Wealth Managment LLC purchased a new position in Chesapeake Energy during the 1st quarter valued at about $56,000. Piscataqua Savings Bank bought a new stake in shares of Chesapeake Energy during the first quarter valued at about $58,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of Chesapeake Energy in the first quarter worth about $78,000. 97.93% of the stock is owned by institutional investors.

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.