Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, UBS Group Analyst Says

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its target price lifted by equities researchers at UBS Group from $119.00 to $133.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 26.27% from the company's current price.

Several other research firms also recently weighed in on EXE. Mizuho upped their price target on Chesapeake Energy from $110.00 to $128.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Stephens upped their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Raymond James assumed coverage on shares of Chesapeake Energy in a report on Tuesday, February 4th. They set a "strong-buy" rating and a $135.00 price objective for the company. Truist Financial increased their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, TD Cowen started coverage on Chesapeake Energy in a research note on Friday, January 17th. They set a "hold" rating and a $108.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.18.

Chesapeake Energy Price Performance

Shares of NASDAQ EXE traded up $0.30 during mid-day trading on Thursday, reaching $105.33. The company's stock had a trading volume of 1,781,452 shares, compared to its average volume of 2,755,068. The company has a market cap of $24.34 billion, a price-to-earnings ratio of 65.02 and a beta of 0.52. 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 firm's fifty day simple moving average is $101.56. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the sale, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 58.00% of the stock is owned by 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.