Truist Financial Increases Chesapeake Energy (NASDAQ:EXE) Price Target to $133.00

Chesapeake Energy (NASDAQ:EXE) had its target price raised by investment analysts at Truist Financial from $109.00 to $133.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 27.74% from the company’s previous close.

Several other research analysts have also weighed in on EXE. Wells Fargo & Company upped their price target on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Royal Bank of Canada upped their target price on Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Stephens raised their price target 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. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $94.00 to $123.00 in a research note on Monday, December 9th. Finally, Mizuho increased their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.78.

Chesapeake Energy Price Performance

Chesapeake Energy stock opened at $104.12 on Monday. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $105.00. The stock has a 50 day moving average price of $97.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market capitalization of $24.06 billion, a P/E ratio of 64.27 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $708.98 million. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue was down 57.1% on a year-over-year basis. On average, analysts expect that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Insider Activity at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the transaction, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.00% of the stock is owned by company insiders.

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.