Chesapeake Energy (NASDAQ:EXE) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a report published on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $121.00 price objective on the stock.

Several other equities analysts have also commented on EXE. Barclays upped their price target on shares of Chesapeake Energy from $94.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Thursday. 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 price objective for the company. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $116.00 price objective on shares of Chesapeake Energy in a report on Tuesday, January 14th. Finally, Truist Financial upped their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.38.

Chesapeake Energy Stock Performance

Chesapeake Energy stock opened at $101.60 on Friday. The business’s 50-day moving average price is $100.30. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 62.72 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. Chesapeake Energy has a one year low of $69.12 and a one year high of $109.47.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 58.00% of the company’s stock.

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.