Wells Fargo & Company Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE - Get Free Report) had its price target lifted by equities researchers at Wells Fargo & Company from $107.00 to $112.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential upside of 10.13% from the stock's current price.

Other analysts have also issued research reports about the company. TD Cowen began coverage on Chesapeake Energy in a report on Friday, January 17th. They issued a "hold" rating and a $108.00 target price for the company. Barclays decreased their target price on Chesapeake Energy from $117.00 to $115.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Truist Financial dropped their price target on shares of Chesapeake Energy from $133.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Piper Sandler boosted their price objective on shares of Chesapeake Energy from $96.00 to $101.00 and gave the company a "neutral" rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $116.00 target price on shares of Chesapeake Energy in a report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Chesapeake Energy currently has an average rating of "Moderate Buy" and an average target price of $122.35.

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Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock traded up $1.69 during midday trading on Wednesday, hitting $101.70. The company had a trading volume of 3,108,651 shares, compared to its average volume of 3,441,420. Chesapeake Energy has a 52-week low of $81.66 and a 52-week high of $114.03. 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 has a market cap of $23.67 billion, a PE ratio of 62.81 and a beta of 0.44. The firm has a 50 day moving average price of $104.45.

Chesapeake Energy (NASDAQ:EXE - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.82 billion. Equities research analysts forecast that Chesapeake Energy will post 1.33 EPS for the current year.

Insiders Place Their Bets

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

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.