Chesapeake Energy (NASDAQ:EXE) Rating Increased to Sector Outperform at Scotiabank

Chesapeake Energy (NASDAQ:EXE) was upgraded by equities research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $130.00 target price on the stock. Scotiabank’s price target indicates a potential upside of 20.62% from the company’s current price.

EXE has been the topic of several other reports. Wells Fargo & Company upped their price target on shares of Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday. Benchmark reissued a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a research note on Wednesday. Truist Financial upped their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research report on Monday. Bank of America began coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Finally, Stephens upped their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.38.

Chesapeake Energy Stock Up 2.4 %

Chesapeake Energy stock opened at $107.78 on Friday. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $108.83. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $98.54. The stock has a market capitalization of $24.91 billion, a P/E ratio of 66.53 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share 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 analysts’ expectations 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 for the quarter was down 57.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities research analysts anticipate that Chesapeake Energy will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

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 sale, the director now owns 5,201 shares of the company’s stock, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by 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.