UBS Group Issues Pessimistic Forecast for Chesapeake Energy (NASDAQ:EXE) Stock Price

Chesapeake Energy (NASDAQ:EXE) had its price target dropped by investment analysts at UBS Group from $131.00 to $129.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 21.14% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Mizuho lifted their price objective on shares of Chesapeake Energy from $132.00 to $136.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Barclays upgraded shares of Chesapeake Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $115.00 to $122.00 in a research report on Tuesday. Benchmark boosted their price target on Chesapeake Energy from $93.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, April 3rd. Wells Fargo & Company raised their price objective on Chesapeake Energy from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 2nd. Finally, TD Cowen upgraded Chesapeake Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $108.00 to $116.00 in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $122.71.

Chesapeake Energy Trading Up 1.7 %

Shares of NASDAQ:EXE opened at $106.49 on Thursday. The stock has a market cap of $24.78 billion, a PE ratio of 65.73 and a beta of 0.44. 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 has a 12-month low of $81.66 and a 12-month high of $114.03. The business has a 50 day moving average of $104.36 and a 200-day moving average of $99.09.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.82 billion. As a group, equities research analysts forecast that Chesapeake Energy will post 1.33 earnings per share for the current year.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, CEO Domenic J. Dell’osso, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $99.50 per share, for a total transaction of $248,750.00. Following the acquisition, the chief executive officer now directly owns 107,845 shares in the company, valued at $10,730,577.50. This represents a 2.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 58.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chesapeake Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXE. Princeton Global Asset Management LLC bought a new stake in shares of Chesapeake Energy in the first quarter worth $31,000. Peoples Bank KS acquired a new position in Chesapeake Energy during the 1st quarter worth about $33,000. Future Financial Wealth Managment LLC bought a new stake in shares of Chesapeake Energy in the 1st quarter valued at about $56,000. Piscataqua Savings Bank acquired a new stake in shares of Chesapeake Energy in the first quarter valued at about $58,000. Finally, Sentry Investment Management LLC bought a new position in shares of Chesapeake Energy during the first quarter worth about $78,000. 97.93% of the stock is currently owned by institutional investors and hedge funds.

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.