Piper Sandler Initiates Coverage on Chesapeake Energy (NASDAQ:EXE)

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

Several other equities research analysts also recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $93.00 target price on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Scotiabank upgraded Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, 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 on the stock. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Chesapeake Energy Stock Down 4.3 %

EXE stock opened at $101.42 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $109.47. The company has a fifty day moving average of $99.91. The firm has a market cap of $23.44 billion, a P/E ratio of 62.60 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last posted its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. The company had revenue of $648.00 million during 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 company’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 EPS. Research analysts anticipate that Chesapeake Energy will post 1.32 earnings per share for the current fiscal year.

Insider Activity

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the transaction, the director now owns 5,201 shares in the company, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 58.00% of the company’s stock.

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.