Chesapeake Energy (NASDAQ:EXE) Stock Price Expected to Rise, Piper Sandler Analyst Says

Chesapeake Energy (NASDAQ:EXE) had its price target hoisted by investment analysts at Piper Sandler from $101.00 to $103.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential downside of 1.96% from the company’s current price.

A number of other research firms also recently weighed in on EXE. Mizuho raised their target price on shares of Chesapeake Energy from $132.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Citigroup increased their price target on Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Truist Financial cut their price objective on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a report on Monday, March 17th. KeyCorp upgraded shares of Chesapeake Energy from a “sector weight” rating to an “overweight” rating and set a $130.00 price target for the company in a research note on Monday. Finally, Stephens cut their target price on shares of Chesapeake Energy from $123.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Buy” and a consensus price target of $123.22.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock opened at $105.05 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 64.85 and a beta of 0.44. The stock’s 50-day moving average is $104.27 and its 200-day moving average is $99.36. Chesapeake Energy has a one year low of $81.66 and a one year high of $114.03.

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. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Equities analysts predict that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

Insider Transactions at Chesapeake Energy

In related news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of Chesapeake Energy stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $99.50 per share, with a total value of $248,750.00. Following the acquisition, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 58.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXE. GAMMA Investing LLC acquired a new position in shares of Chesapeake Energy in the 1st quarter valued at approximately $36,507,000. Czech National Bank acquired a new position in Chesapeake Energy during the first quarter valued at approximately $5,377,000. Fifth Third Wealth Advisors LLC bought a new stake in Chesapeake Energy during the first quarter worth $466,000. Romano Brothers AND Company acquired a new stake in shares of Chesapeake Energy in the 1st quarter valued at $2,900,000. Finally, Gradient Investments LLC acquired a new position in shares of Chesapeake Energy during the 1st quarter worth $2,265,000. Institutional investors and hedge funds own 97.93% 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.