Barclays Has Lowered Expectations for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price objective cut by equities research analysts at Barclays from $117.00 to $115.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 5.93% from the stock’s current price.

Several other analysts have also recently weighed in on EXE. Scotiabank upgraded shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $105.00 to $130.00 in a research report on Friday, January 17th. Stephens upgraded shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $86.00 to $123.00 in a research report on Tuesday. Citigroup raised their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Piper Sandler lifted their target price on shares of Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Finally, Raymond James began coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Chesapeake Energy Price Performance

Shares of NASDAQ:EXE opened at $108.56 on Tuesday. The firm has a fifty day moving average price of $103.42. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. Chesapeake Energy has a one year low of $81.66 and a one year high of $109.47. The company has a market cap of $25.26 billion, a P/E ratio of 67.01 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Equities research analysts expect that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average price of $99.50 per share, with a total value of $248,750.00. Following the purchase, the chief executive officer now owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.