Chesapeake Energy (NASDAQ:EXE) Given New $133.00 Price Target at UBS Group

Chesapeake Energy (NASDAQ:EXE) had its target price increased by UBS Group from $119.00 to $133.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently commented on EXE. Mizuho boosted their target price on shares of Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. TD Cowen began coverage on shares of Chesapeake Energy in a report on Friday, January 17th. They issued a “hold” rating and a $108.00 price objective for the company. Morgan Stanley started coverage on Chesapeake Energy in a report on Friday, January 10th. They set an “overweight” rating and a $127.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Chesapeake Energy in a research note on Thursday, January 16th. They set an “overweight” rating and a $112.00 price target for the company. Finally, Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $105.00 to $130.00 in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.18.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock opened at $105.03 on Thursday. The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 64.83 and a beta of 0.52. The firm’s 50-day moving average price is $101.22. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Insiders Place Their Bets

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 58.00% of the company’s stock.

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.