Chesapeake Energy’s (EXE) Outperform Rating Reaffirmed at Royal Bank of Canada

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $116.00 price objective on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 10.22% from the stock’s current price.

EXE has been the topic of a number of other research reports. Wells Fargo & Company upped their price target on Chesapeake Energy from $83.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, November 25th. Citigroup increased their target price on shares of Chesapeake Energy from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. UBS Group raised shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Finally, Mizuho lifted their price objective on shares of Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.50.

Chesapeake Energy Stock Up 1.1 %

EXE opened at $105.24 on Tuesday. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $106.27. The company has a 50-day moving average of $98.23. The stock has a market capitalization of $24.32 billion, a PE ratio of 64.96 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 (NASDAQ:EXE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS 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 for the quarter, compared to analysts’ expectations of $708.98 million. During the same quarter in the previous year, the firm posted $1.09 EPS. Chesapeake Energy’s revenue was down 57.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Chesapeake Energy will post 0.86 earnings per share for the current year.

Insider Transactions at Chesapeake Energy

In related news, Director Catherine A. Kehr sold 43,623 shares of the company’s 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 transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 58.00% of the company’s stock.

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.