Chesapeake Energy (NASDAQ:EXE) Stock Rating Upgraded by Raymond James

Chesapeake Energy (NASDAQ:EXE) was upgraded by equities researchers at Raymond James to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

EXE has been the subject of a number of other reports. Piper Sandler assumed coverage on Chesapeake Energy in a report on Tuesday, January 28th. They issued a “neutral” rating and a $96.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Chesapeake Energy in a research report on Thursday, January 16th. They issued an “overweight” rating and a $112.00 target price for the company. Mizuho upped their target price on Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Truist Financial upped their target price on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, TD Cowen assumed coverage on Chesapeake Energy in a research report on Friday, January 17th. They issued a “hold” rating and a $108.00 target price for the company. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.59.

Chesapeake Energy Trading Up 1.0 %

NASDAQ:EXE opened at $103.95 on Monday. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 64.17 and a beta of 0.52. 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 company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Insiders Place Their Bets

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.17% 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.