Citigroup Issues Positive Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price target increased by stock analysts at Citigroup from $100.00 to $115.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 19.08% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Royal Bank of Canada upped their price objective on shares of Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company raised their target price on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Bank of America began coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 price target for the company. Finally, UBS Group increased their price objective on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.29.

Chesapeake Energy Price Performance

Shares of EXE opened at $96.57 on Friday. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 59.61 and a beta of 0.52. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $101.27. The firm’s 50-day moving average is $91.21.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was down 57.1% on a year-over-year basis. On average, equities analysts anticipate that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling 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 transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 58.00% of the stock is owned by insiders.

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.