Chesapeake Energy (NASDAQ:EXE) Given New $101.00 Price Target at Piper Sandler

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by equities researchers at Piper Sandler from $96.00 to $101.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential downside of 0.63% from the company’s current price.

Several other equities research analysts have also recently issued reports on EXE. Citigroup raised 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. Morgan Stanley started coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price objective on the stock. TD Cowen initiated coverage on shares of Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 price target for the company. The Goldman Sachs Group began coverage on shares of Chesapeake Energy in a report on Friday, January 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Finally, Mizuho lifted their target price on shares of Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Five research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.94.

Chesapeake Energy Trading Up 0.9 %

Shares of EXE opened at $101.64 on Thursday. Chesapeake Energy has a 12-month low of $81.66 and a 12-month high of $109.47. The stock has a market capitalization of $23.65 billion, a price-to-earnings ratio of 62.74 and a beta of 0.53. The firm has a 50-day moving average price of $103.07. 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 (NASDAQ:EXE) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Equities research analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the transaction, the chief executive officer now 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.