Raymond James Upgrades Chesapeake Energy (NASDAQ:EXE) to Strong-Buy

Raymond James upgraded shares of Chesapeake Energy (NASDAQ:EXE) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

A number of other research analysts have also recently weighed in on the stock. Citigroup lifted their price objective on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, January 16th. TD Cowen began coverage on shares of Chesapeake Energy in a research note on Friday, January 17th. They issued a “hold” rating and a $108.00 price target for the company. Mizuho increased their price objective on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Stephens boosted their target price on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $115.59.

Chesapeake Energy Price Performance

NASDAQ EXE opened at $105.09 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market cap of $24.29 billion, a P/E ratio of 64.87 and a beta of 0.52. The firm has a 50-day moving average price of $100.61. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $109.47.

Insider Activity at Chesapeake Energy

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’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 completion of the sale, the director now owns 5,201 shares in the company, valued at approximately $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

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.