Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $107.00 at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its price objective lifted by stock analysts at Wells Fargo & Company from $105.00 to $107.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential downside of 2.06% from the company’s previous close.

A number of other research analysts have also weighed in on EXE. Raymond James initiated coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 target price on the stock. Stephens raised shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $86.00 to $123.00 in a research report on Tuesday. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $105.00 to $130.00 in a research report on Friday, January 17th. The Goldman Sachs Group assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 price target on the stock. Finally, TD Cowen assumed 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 on the stock. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.12.

Chesapeake Energy Stock Up 0.6 %

Shares of NASDAQ:EXE traded up $0.69 during trading on Thursday, reaching $109.25. 6,764,448 shares of the company’s stock traded hands, compared to its average volume of 2,862,611. 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 fifty-two week low of $81.66 and a fifty-two week high of $109.63. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 67.44 and a beta of 0.53. The stock has a 50-day simple moving average of $103.42.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, equities research analysts forecast that Chesapeake Energy will post 1.33 EPS for the current year.

Insiders Place Their Bets

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the purchase, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. The trade was a 2.37 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.