Chesapeake Energy (NASDAQ:EXE) Now Covered by Analysts at Raymond James

Raymond James initiated coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage issued a strong-buy rating and a $135.00 price objective on the stock.

A number of other research analysts also recently commented on the stock. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $105.00 to $130.00 in a research report on Friday, January 17th. JPMorgan Chase & Co. began coverage on shares of Chesapeake Energy in a research report on Thursday, January 16th. They set an “overweight” rating and a $112.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 price objective on the stock. Stephens lifted their target price 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. Finally, Citigroup lifted their target price on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.59.

Chesapeake Energy Stock Performance

Shares of EXE opened at $103.95 on Tuesday. The company’s 50 day moving average is $100.48. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $109.47. The stock has a market capitalization of $24.02 billion, a P/E ratio of 64.17 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the transaction, the director now directly owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.17% of the stock is owned by corporate 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.