Chesapeake Energy (NASDAQ:EXE) Now Covered by Raymond James

Raymond James started coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage issued a strong-buy rating and a $135.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Stephens upped their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $93.00 target price on shares of Chesapeake Energy in a research report on Wednesday, January 15th. Mizuho upped their target price 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. Finally, Scotiabank raised Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $105.00 to $130.00 in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chesapeake Energy presently has an average rating of “Moderate Buy” and an average price target of $115.59.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock opened at $103.95 on Tuesday. The firm has a fifty day simple moving average of $100.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $109.47. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 64.17 and a beta of 0.52.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.17% of the stock is 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.