Chesapeake Energy (NASDAQ:EXE) Given “Outperform” Rating at Royal Bank of Canada

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “outperform” rating reiterated by Royal Bank of Canada in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $116.00 target price on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.76% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Stephens upped their price target on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America began coverage on Chesapeake Energy in a research report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Mizuho lifted their target price on Chesapeake Energy from $110.00 to $128.00 and gave the stock an “outperform” rating in a report on Monday, December 16th. Wells Fargo & Company raised their price objective on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Finally, Citigroup boosted their target price on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.78.

Chesapeake Energy Stock Up 0.6 %

Shares of EXE traded up $0.66 during trading hours on Tuesday, reaching $102.87. The company’s stock had a trading volume of 1,218,590 shares, compared to its average volume of 2,664,735. The company has a market cap of $23.77 billion, a price-to-earnings ratio of 63.50 and a beta of 0.52. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $105.00. 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 firm has a 50 day moving average of $97.62.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same quarter in the previous year, the company earned $1.09 earnings per share. The business’s revenue was down 57.1% compared to the same quarter last year. As a group, analysts forecast that Chesapeake Energy will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy stock in a transaction that occurred on Friday, November 22nd. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 58.00% of the stock is currently owned by company 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.