Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $117.00 at Barclays

Chesapeake Energy (NASDAQ:EXE) had its price target lifted by Barclays from $113.00 to $117.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 18.33% from the company’s previous close.

EXE has been the subject of several other reports. JPMorgan Chase & Co. assumed 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. Piper Sandler started coverage on shares of Chesapeake Energy in a research report on Tuesday, January 28th. They set a “neutral” rating and a $96.00 target price on the stock. UBS Group upped their price target on shares of Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 13th. TD Cowen started coverage on Chesapeake Energy in a research report on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective for the company. Finally, Raymond James began coverage on Chesapeake Energy in a report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.65.

Chesapeake Energy Trading Up 1.1 %

Chesapeake Energy stock traded up $1.12 during trading on Friday, hitting $98.88. The company had a trading volume of 4,026,409 shares, compared to its average volume of 2,986,690. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47. The company has a 50 day simple moving average of $102.81. The stock has a market cap of $22.85 billion, a PE ratio of 61.04 and a beta of 0.52. 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 (NASDAQ:EXE) last announced its quarterly earnings data 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. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.82 billion. As a group, analysts forecast that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

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.