Chesapeake Energy (NASDAQ:EXE) Given New $117.00 Price Target at Barclays

Chesapeake Energy (NASDAQ:EXE) had its price target lifted by investment analysts at Barclays from $113.00 to $117.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 18.33% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley initiated coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They set an “overweight” rating and a $127.00 price target for the company. Benchmark reissued a “buy” rating and issued a $93.00 price objective on shares of Chesapeake Energy in a research note on Wednesday, January 15th. Raymond James began coverage on shares of Chesapeake Energy in a research note on Tuesday, February 4th. They issued a “strong-buy” rating and a $135.00 price target for the company. Wells Fargo & Company upped their target price on Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Truist Financial boosted their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.65.

Chesapeake Energy Stock Up 1.1 %

Shares of NASDAQ:EXE traded up $1.12 during midday trading on Friday, reaching $98.88. The company had a trading volume of 4,026,409 shares, compared to its average volume of 2,986,690. The firm has a market capitalization of $22.85 billion, a PE ratio of 61.04 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47. The company’s 50 day moving average is $102.81.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. On average, research analysts expect that Chesapeake Energy will post 1.33 earnings per share for the current fiscal year.

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.