Chesapeake Energy (NASDAQ:EXE) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research note issued to investors on Friday, Marketbeat.com reports. The firm issued a buy rating and a $121.00 target price on the stock.

Other equities analysts have also issued research reports about the stock. Mizuho raised their price objective on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Benchmark restated a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a report on Wednesday, January 15th. Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $105.00 to $130.00 in a report on Friday, January 17th. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $94.00 to $123.00 in a research note on Monday, December 9th. Finally, Citigroup boosted their target price on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.38.

Chesapeake Energy Stock Down 1.1 %

Shares of NASDAQ EXE opened at $101.60 on Friday. The company’s 50-day moving average is $100.30. The company has a market capitalization of $23.48 billion, a PE ratio of 62.72 and a beta of 0.52. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last issued 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 company had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same period in the prior year, the business posted $1.09 EPS. The business’s revenue for the quarter was down 57.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Chesapeake Energy will post 1.22 earnings per share for the current fiscal year.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the 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 transaction, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 58.00% of the stock is currently owned by company 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.