Chesapeake Energy (NASDAQ:EXE) Upgraded to Buy at TD Cowen

Chesapeake Energy (NASDAQ:EXE) was upgraded by research analysts at TD Cowen from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,Finviz reports.

Other analysts have also recently issued reports about the company. Wells Fargo & Company raised their target price on Chesapeake Energy from $107.00 to $112.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 2nd. Truist Financial lowered their price target on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. UBS Group upped their price objective on shares of Chesapeake Energy from $119.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Citigroup boosted their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Stephens upgraded shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $86.00 to $123.00 in a report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned 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 a consensus price target of $122.35.

Chesapeake Energy Price Performance

EXE stock opened at $100.06 on Tuesday. The company’s fifty day simple moving average is $104.42. 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 $114.03. The company has a market capitalization of $23.28 billion, a price-to-earnings ratio of 61.77 and a beta of 0.44.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.02. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. As a group, analysts expect that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insider Activity

In other news, CEO Domenic J. Dell’osso, Jr. purchased 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, for a total transaction of $248,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 107,845 shares of the company’s stock, valued at $10,730,577.50. The trade was a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 58.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chesapeake Energy

A hedge fund recently bought a new stake in Chesapeake Energy stock. Parallel Advisors LLC bought a new stake in Chesapeake Energy Corporation (NASDAQ:EXE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,565 shares of the company’s stock, valued at approximately $286,000. 97.93% of the stock is owned by institutional investors.

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.