Chesapeake Energy Corporation (NASDAQ:EXE) Receives $96.50 Average Price Target from Brokerages

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $99.20.

EXE has been the topic of a number of research analyst reports. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Stephens lifted their target price 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. UBS Group lifted their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Bank of America assumed coverage on shares of Chesapeake Energy in a report on Monday, October 28th. They set a “buy” rating and a $114.00 target price on the stock. Finally, Citigroup lifted their target price on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th.

Chesapeake Energy Trading Up 2.6 %

Shares of EXE opened at $85.84 on Thursday. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 52.99 and a beta of 0.46. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $93.58. The company has a current ratio of 2.00, a quick ratio of 2.16 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The company had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Chesapeake Energy’s revenue for the quarter was down 57.1% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. As a group, equities analysts forecast that Chesapeake Energy will post 0.72 EPS for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is 141.98%.

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.