Chesapeake Energy (NASDAQ:EXE) Stock Rating Upgraded by Raymond James

Chesapeake Energy (NASDAQ:EXE) was upgraded by stock analysts at Raymond James to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on EXE. Barclays raised their price objective on shares of Chesapeake Energy from $94.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Stephens raised their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Morgan Stanley started coverage on shares of Chesapeake Energy in a report on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target for the company. Benchmark reissued a “buy” rating and issued a $93.00 price target on shares of Chesapeake Energy in a report on Wednesday, January 15th. Finally, Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $105.00 to $130.00 in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $115.59.

Chesapeake Energy Trading Up 1.0 %

NASDAQ EXE opened at $103.95 on Monday. The firm has a market capitalization of $24.02 billion, a price-to-earnings ratio of 64.17 and a beta of 0.52. The business’s 50 day moving average price is $100.48. 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 1-year low of $69.12 and a 1-year high of $109.47.

Insider Transactions at Chesapeake Energy

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

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.