Chesapeake Energy (NASDAQ:EXE) Price Target Cut to $131.00 by Analysts at Truist Financial

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its target price lowered by research analysts at Truist Financial from $133.00 to $131.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 22.03% from the stock's current price.

EXE has been the subject of a number of other reports. UBS Group boosted their price target on shares of Chesapeake Energy from $119.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Barclays upped their target price on Chesapeake Energy from $113.00 to $117.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group assumed coverage on Chesapeake Energy in a research report on Friday, January 31st. They set a "buy" rating and a $121.00 price target on the stock. Wells Fargo & Company increased their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Finally, TD Cowen initiated coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They issued a "hold" rating and a $108.00 target price on the stock. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.12.

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Chesapeake Energy Price Performance

Shares of EXE stock traded down $1.90 during trading hours on Monday, reaching $107.35. 53,145,096 shares of the stock were exchanged, compared to its average volume of 3,291,611. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $109.91. The stock has a fifty day moving average price of $103.54. 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 stock has a market cap of $24.98 billion, a price-to-earnings ratio of 66.27 and a beta of 0.53.

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 analysts' consensus estimates of $0.53 by $0.02. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, equities research analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

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