Chesapeake Energy (NASDAQ:EXE) Earns Neutral Rating from Analysts at Piper Sandler

Piper Sandler initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a report published on Tuesday, MarketBeat.com reports. The firm issued a neutral rating and a $96.00 price target on the stock.

A number of other brokerages also recently issued reports on EXE. Benchmark reaffirmed a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Citigroup increased their target price 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. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $105.00 to $130.00 in a research report on Friday, January 17th. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $94.00 to $123.00 in a report on Monday, December 9th. Finally, Bank of America assumed coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $113.93.

Chesapeake Energy Trading Up 0.1 %

Chesapeake Energy stock opened at $102.72 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $100.22. The stock has a market cap of $23.74 billion, a PE ratio of 63.41 and a beta of 0.52. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. During the same period in the previous year, the business earned $1.09 EPS. Chesapeake Energy’s revenue for the quarter was down 57.1% on a year-over-year basis. As a group, sell-side analysts forecast that Chesapeake Energy will post 1.32 earnings per share for the current fiscal year.

Insider Transactions at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of the business’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 directly owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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.