Analysts Set Chesapeake Energy Corporation (NASDAQ:EXE) Target Price at $115.59

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $116.18.

Several equities research analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. UBS Group boosted their price target on Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group began coverage on Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 price objective for the company. Citigroup increased their target price on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley initiated coverage on Chesapeake Energy in a research report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target for the company.

Chesapeake Energy Stock Up 0.3 %

NASDAQ EXE opened at $105.33 on Friday. The company has a market capitalization of $24.34 billion, a price-to-earnings ratio of 65.02 and a beta of 0.52. The company’s 50 day moving average price is $101.39. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

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 shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.