Chesapeake Energy (NASDAQ:EXE) Now Covered by TD Cowen

Analysts at TD Cowen started coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research note issued to investors on Friday, Marketbeat reports. The brokerage set a “hold” rating and a $108.00 price target on the stock. TD Cowen’s target price suggests a potential upside of 1.54% from the company’s previous close.

EXE has been the subject of several other reports. UBS Group raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Benchmark reiterated a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Bank of America started coverage on Chesapeake Energy in a research report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Chesapeake Energy Trading Down 1.3 %

EXE opened at $106.36 on Friday. The company has a market cap of $24.58 billion, a PE ratio of 65.65 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 12 month low of $69.12 and a 12 month high of $109.47. The company has a fifty day moving average of $98.82.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities research analysts predict that Chesapeake Energy will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction on Friday, November 22nd. The stock was 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 in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.17% 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.