Chesapeake Energy (NASDAQ:EXE) Given New $112.00 Price Target at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its price objective hoisted by investment analysts at Wells Fargo & Company from $107.00 to $112.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 1.12% from the stock’s current price.

EXE has been the subject of several other research reports. Morgan Stanley boosted their price target on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Raymond James initiated coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price objective on the stock. Citigroup raised their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Mizuho upped their price objective on Chesapeake Energy from $132.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $116.00 target price on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.24.

Chesapeake Energy Price Performance

NASDAQ:EXE traded up $0.52 during mid-day trading on Wednesday, hitting $113.26. The company’s stock had a trading volume of 511,647 shares, compared to its average volume of 3,355,528. The company has a market capitalization of $26.36 billion, a PE ratio of 69.94 and a beta of 0.53. The business’s fifty day moving average price is $104.34. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 1 year low of $81.66 and a 1 year high of $113.34.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 58.00% of the stock is currently owned by company 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.