Chesapeake Energy (NASDAQ:EXE) Price Target Lowered to $131.00 at Truist Financial

Chesapeake Energy (NASDAQ:EXE) had its price objective reduced by investment analysts at Truist Financial from $133.00 to $131.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 22.43% from the company’s previous close.

Several other equities analysts have also commented on the stock. Piper Sandler increased their target price on shares of Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. UBS Group increased their target price on shares of Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price target for the company. Stephens reissued an “equal weight” rating and set a $86.00 price target on shares of Chesapeake Energy in a research report on Tuesday, March 4th. Finally, Barclays increased their price target on shares of Chesapeake Energy from $113.00 to $117.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Chesapeake Energy Stock Performance

EXE stock opened at $107.00 on Monday. 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 52 week low of $81.66 and a 52 week high of $109.47. The firm’s fifty day simple moving average is $103.31. The company has a market cap of $24.90 billion, a price-to-earnings ratio of 66.05 and a beta of 0.53.

Chesapeake Energy (NASDAQ:EXE) last released 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. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. As a group, analysts forecast that Chesapeake Energy will post 1.33 EPS for the current year.

Insider Transactions at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the transaction, the chief executive officer now directly owns 107,845 shares in the company, valued at approximately $10,730,577.50. The trade was a 2.37 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.