Chesapeake Energy (NASDAQ:EXE) Given New $154.00 Price Target at Morgan Stanley

Chesapeake Energy (NASDAQ:EXE) had its price target lifted by stock analysts at Morgan Stanley from $137.00 to $154.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 38.81% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price target on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Piper Sandler increased their target price on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Raymond James began coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 target price for the company. Mizuho upped their price target on shares of Chesapeake Energy from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, TD Cowen began coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They set a “hold” rating and a $108.00 price objective for the company. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.71.

Chesapeake Energy Stock Up 1.2 %

NASDAQ EXE opened at $110.94 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a 52 week low of $81.66 and a 52 week high of $111.18. The stock has a market capitalization of $25.82 billion, a price-to-earnings ratio of 68.48 and a beta of 0.53. The stock’s fifty day moving average price is $104.12.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.82 billion. Equities research analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Insider Buying and Selling at Chesapeake Energy

In other news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $99.50 per share, for a total transaction of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares of the company’s stock, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The purchase was disclosed in a filing with the SEC, 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.