Wells Fargo & Company Issues Positive Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price target raised by analysts at Wells Fargo & Company from $100.00 to $105.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 0.49% from the stock’s current price.

EXE has been the topic of several other reports. Bank of America started coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock. Mizuho lifted their target price on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $94.00 to $123.00 in a research note on Monday, December 9th. Citigroup lifted their target price on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Stephens lifted their target price on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.82.

Chesapeake Energy Stock Up 0.3 %

EXE traded up $0.28 during trading on Thursday, hitting $105.52. 181,350 shares of the stock were exchanged, compared to its average volume of 2,821,880. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 65.14 and a beta of 0.52. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $106.27. The company’s fifty day simple moving average is $98.23. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 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 analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s revenue was down 57.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. Analysts predict that Chesapeake Energy will post 0.89 EPS for the current year.

Insider Buying and Selling at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy 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 transaction, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is 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.