Chesapeake Energy (NASDAQ:EXE) Upgraded at TD Cowen

Chesapeake Energy (NASDAQ:EXE) was upgraded by equities research analysts at TD Cowen from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday,Finviz reports.

EXE has been the topic of several other research reports. Barclays reduced their target price on shares of Chesapeake Energy from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th. Stephens upgraded Chesapeake Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $86.00 to $123.00 in a research note on Tuesday, March 18th. Piper Sandler upped their target price on shares of Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a report on Thursday, March 6th. The Goldman Sachs Group initiated coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They issued a “buy” rating and a $121.00 price objective on the stock. Finally, Mizuho boosted their target price on Chesapeake Energy from $132.00 to $136.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating, thirteen have given 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 an average rating of “Moderate Buy” and a consensus target price of $122.35.

Chesapeake Energy Stock Up 0.0 %

Shares of EXE opened at $100.06 on Tuesday. The stock has a market cap of $23.28 billion, a P/E ratio of 61.77 and a beta of 0.44. Chesapeake Energy has a fifty-two week low of $81.66 and a fifty-two week high of $114.03. 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 business’s 50 day simple moving average is $104.42.

Chesapeake Energy (NASDAQ:EXE) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Research analysts forecast that Chesapeake Energy will post 1.33 earnings per share for the current year.

Insider Activity

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $99.50 per share, with a total value of $248,750.00. Following the transaction, the chief executive officer now owns 107,845 shares in the company, valued at $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 58.00% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chesapeake Energy stock. Parallel Advisors LLC acquired a new stake in shares of Chesapeake Energy Corporation (NASDAQ:EXE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,565 shares of the company’s stock, valued at approximately $286,000. 97.93% of the stock is currently owned by institutional investors.

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.