UBS Group Forecasts Strong Price Appreciation for Chesapeake Energy (NASDAQ:EXE) Stock

Chesapeake Energy (NASDAQ:EXE) had its price target increased by equities research analysts at UBS Group from $119.00 to $133.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 26.88% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Citigroup raised their price objective on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Barclays lifted their price target on shares of Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. TD Cowen initiated coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $116.00 price objective on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Finally, Stephens upped their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Five equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.18.

Chesapeake Energy Trading Up 0.8 %

Chesapeake Energy stock traded up $0.81 during trading on Thursday, reaching $104.82. The company had a trading volume of 72,143 shares, compared to its average volume of 2,690,442. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 64.70 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The business’s 50-day moving average is $101.09. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.