Benchmark Reiterates “Buy” Rating for Chesapeake Energy (NASDAQ:EXE)

Chesapeake Energy (NASDAQ:EXE)‘s stock had its “buy” rating restated by Benchmark in a research note issued on Wednesday,Benzinga reports. They currently have a $93.00 target price on the stock. Benchmark’s price target would indicate a potential downside of 10.68% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Bank of America began coverage on Chesapeake Energy in a research note on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Truist Financial raised their price objective on Chesapeake Energy from $109.00 to $133.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company boosted their target price on Chesapeake Energy from $83.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Stephens upped their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $113.50.

Chesapeake Energy Stock Performance

Shares of NASDAQ EXE opened at $104.12 on Wednesday. The company has a market capitalization of $24.06 billion, a PE ratio of 64.27 and a beta of 0.52. The stock has a fifty day moving average of $97.97. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $105.00. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (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 firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $708.98 million. During the same period in the prior year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was down 57.1% on a year-over-year basis. Equities research analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $99.58, for a total value of $4,343,978.34. Following the sale, the director now directly owns 5,201 shares in the company, valued at $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 58.00% of the stock is currently owned by 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.