Chesapeake Energy (NASDAQ:EXE) Upgraded by Scotiabank to “Sector Outperform” Rating

Chesapeake Energy (NASDAQ:EXE) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm currently has a $130.00 target price on the stock. Scotiabank’s price objective would indicate a potential upside of 20.62% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the company. Wells Fargo & Company boosted their price target on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday. TD Cowen initiated coverage on shares of Chesapeake Energy in a research report on Friday. They set a “hold” rating and a $108.00 target price for the company. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $94.00 to $123.00 in a research report on Monday, December 9th. Stephens boosted their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Citigroup raised their target price on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.38.

Chesapeake Energy Stock Up 2.4 %

Shares of NASDAQ EXE opened at $107.78 on Friday. The company’s 50-day moving average is $98.54. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $108.83. The stock has a market cap of $24.91 billion, a P/E ratio of 66.53 and a beta of 0.52. 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 (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm’s quarterly revenue was down 57.1% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities research analysts anticipate that Chesapeake Energy will post 0.89 EPS for the current fiscal year.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% 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.