UBS Group Boosts Chesapeake Energy (NASDAQ:EXE) Price Target to $133.00

Chesapeake Energy (NASDAQ:EXE) had its price objective increased by UBS Group from $119.00 to $133.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 26.27% from the stock’s current price.

Several other analysts have also recently commented on EXE. Raymond James started coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price target for the company. Barclays upped their target price on Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. started coverage on Chesapeake Energy in a report on Thursday, January 16th. They issued an “overweight” rating and a $112.00 target price for the company. TD Cowen started 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. Finally, Citigroup upped their target price on Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.18.

Chesapeake Energy Stock Performance

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

Insider Buying and Selling

In related news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction dated 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 transaction, the director now owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 58.00% of the stock is 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.