Barclays Cuts Chesapeake Energy (NASDAQ:EXE) Price Target to $115.00

Chesapeake Energy (NASDAQ:EXE) had its price target reduced by analysts at Barclays from $117.00 to $115.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 8.93% from the stock’s current price.

Several other research firms also recently commented on EXE. Stephens upgraded Chesapeake Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $86.00 to $123.00 in a research report on Tuesday. Morgan Stanley assumed coverage on Chesapeake Energy in a research report on Friday, January 10th. They issued an “overweight” rating and a $127.00 target price for the company. Raymond James assumed coverage on Chesapeake Energy in a research report on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 target price for the company. Mizuho increased their target price on Chesapeake Energy from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Chesapeake Energy from $115.00 to $114.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. 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 data from MarketBeat.com, Chesapeake Energy presently has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Chesapeake Energy Trading Up 2.9 %

EXE opened at $105.57 on Tuesday. The firm has a 50 day moving average of $103.22. Chesapeake Energy has a 1-year low of $81.66 and a 1-year high of $109.47. 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 firm has a market cap of $24.57 billion, a P/E ratio of 65.17 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last posted its 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 return on equity of 2.74% and a net margin of 6.07%. On average, equities analysts forecast that Chesapeake Energy will post 1.33 EPS for the current year.

Insider Buying and Selling at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 58.00% of the company’s stock.

About Chesapeake Energy

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.