Stephens Upgrades Chesapeake Energy (NASDAQ:EXE) to "Overweight"

Chesapeake Energy (NASDAQ:EXE - Get Free Report) was upgraded by equities researchers at Stephens from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage currently has a $123.00 target price on the stock, up from their prior target price of $86.00. Stephens' price target points to a potential upside of 14.58% from the stock's previous close.

A number of other research firms have also commented on EXE. Benchmark reaffirmed a "buy" rating and issued a $93.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Barclays lifted their price objective on Chesapeake Energy from $113.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. Piper Sandler boosted their price target on Chesapeake Energy from $96.00 to $101.00 and gave the company a "neutral" rating in a research note on Thursday, March 6th. Morgan Stanley started coverage on Chesapeake Energy in a research note on Friday, January 10th. They issued an "overweight" rating and a $127.00 price target on the stock. Finally, Raymond James started coverage on 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. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $119.12.

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Chesapeake Energy Stock Down 1.7 %

Chesapeake Energy stock traded down $1.90 during trading hours on Tuesday, hitting $107.35. The stock had a trading volume of 53,145,096 shares, compared to its average volume of 3,219,770. The business has a 50 day moving average of $103.65. 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 company has a market capitalization of $24.98 billion, a PE ratio of 66.27 and a beta of 0.53. Chesapeake Energy has a one year low of $81.66 and a one year high of $109.63.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Research analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Domenic J. Dell'osso, Jr. purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares of the company's stock, valued at $10,730,577.50. This represents a 2.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 58.00% of the stock is currently 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.