Chesapeake Energy (NASDAQ:EXE) Earns “Buy” Rating from Benchmark

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a report issued on Wednesday,Benzinga reports. They currently have a $93.00 target price on the stock. Benchmark’s price objective suggests a potential downside of 10.68% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Stephens raised their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America started coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.50.

Chesapeake Energy Price Performance

NASDAQ EXE opened at $104.12 on Wednesday. Chesapeake Energy has a one year low of $69.12 and a one year high of $105.00. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $97.97. The firm has a market capitalization of $24.06 billion, a PE ratio of 64.27 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was down 57.1% on a year-over-year basis. Equities analysts expect that Chesapeake Energy will post 0.86 earnings per share for the current year.

Insider Activity

In related news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the sale, the director now directly owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 58.00% of the stock is currently owned by corporate insiders.

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.