Chesapeake Energy (NASDAQ:EXE) Now Covered by Piper Sandler

Equities research analysts at Piper Sandler began coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a report issued on Tuesday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $96.00 price target on the stock. Piper Sandler’s price objective indicates a potential downside of 5.34% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Mizuho upped their target price on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Wells Fargo & Company upped their price target on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Citigroup upped their target price on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. TD Cowen assumed coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 target price for the company. Finally, Stephens lifted 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 note on Wednesday, October 30th. Four 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.00.

Chesapeake Energy Trading Down 4.3 %

Shares of EXE opened at $101.42 on Tuesday. The business has a 50-day moving average of $99.91. 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 stock has a market cap of $23.44 billion, a PE ratio of 62.60 and a beta of 0.52. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. The firm 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 company’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS. On average, research analysts predict that Chesapeake Energy will post 1.32 earnings per share for the current year.

Insider Buying and Selling

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 58.00% of the stock is owned by company insiders.

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.