Stephens Issues Pessimistic Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price target lowered by Stephens from $123.00 to $118.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 13.37% from the company’s current price.

Other research analysts have also issued reports about the company. Piper Sandler raised their target price on Chesapeake Energy from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, March 6th. Truist Financial reduced their target price on Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Benchmark raised their price target on shares of Chesapeake Energy from $93.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, April 3rd. Raymond James started coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price objective for the company. Finally, Morgan Stanley boosted their target price on shares of Chesapeake Energy from $137.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $122.94.

Chesapeake Energy Trading Up 1.1 %

EXE stock opened at $104.09 on Tuesday. The business has a 50-day moving average of $104.27. Chesapeake Energy has a 12 month low of $81.66 and a 12 month high of $114.03. 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 company has a market capitalization of $24.22 billion, a PE ratio of 64.25 and a beta of 0.44.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. As a group, equities analysts predict that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 58.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chesapeake Energy

Large investors have recently made changes to their positions in the business. Princeton Global Asset Management LLC purchased a new position in shares of Chesapeake Energy during the first quarter valued at about $31,000. Peoples Bank KS bought a new stake in Chesapeake Energy in the 1st quarter worth approximately $33,000. Future Financial Wealth Managment LLC bought a new position in shares of Chesapeake Energy during the 1st quarter valued at approximately $56,000. Piscataqua Savings Bank bought a new position in shares of Chesapeake Energy during the 1st quarter valued at approximately $58,000. Finally, Sentry Investment Management LLC bought a new stake in Chesapeake Energy in the first quarter worth $78,000. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

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.