Chesapeake Energy (NASDAQ:EXE) Raised to Strong-Buy at 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.

Other equities research analysts have also issued research reports about the stock. Benchmark reaffirmed a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a report on Wednesday, January 15th. Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $105.00 to $130.00 in a report on Friday, January 17th. TD Cowen began coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They set a “hold” rating and a $108.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Finally, Stephens increased their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chesapeake Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

Chesapeake Energy Price Performance

EXE opened at $103.95 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The company has a fifty day moving average price of $100.48. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The firm has a market cap of $24.02 billion, a PE ratio of 64.17 and a beta of 0.52.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the firm’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 sale, the director now directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.17% of the stock is currently owned by corporate insiders.

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.