Mizuho Raises Chesapeake Energy (NASDAQ:EXE) Price Target to $136.00

Chesapeake Energy (NASDAQ:EXE) had its price target increased by equities researchers at Mizuho from $132.00 to $136.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 22.17% from the stock’s previous close.

Several other analysts also recently commented on EXE. Piper Sandler upped their price objective on Chesapeake Energy from $96.00 to $101.00 and gave the company a “neutral” rating in a research note on Thursday, March 6th. Raymond James initiated coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price objective for the company. Morgan Stanley boosted their price target on shares of Chesapeake Energy from $137.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Truist Financial reduced their price objective on shares of Chesapeake Energy from $133.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, Citigroup boosted their target price on Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.94.

Chesapeake Energy Stock Up 0.3 %

Shares of NASDAQ EXE opened at $111.32 on Tuesday. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 68.72 and a beta of 0.53. Chesapeake Energy has a 52-week low of $81.66 and a 52-week high of $112.23. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $104.22.

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

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. purchased 2,500 shares of Chesapeake Energy stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of $99.50 per share, with a total value of $248,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 107,845 shares of the company’s stock, valued at approximately $10,730,577.50. This trade represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 58.00% of the stock is owned by corporate insiders.

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.