Chesapeake Energy Corporation (NASDAQ:EXE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Chesapeake Energy Corporation (NASDAQ:EXE) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $102.00.

EXE has been the topic of a number of recent research reports. Royal Bank of Canada increased their price target on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup increased their target price on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Mizuho increased their price objective on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Bank of America started coverage on shares of Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 price objective for the company.

Chesapeake Energy Trading Down 1.5 %

Shares of EXE opened at $99.43 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The stock has a market cap of $22.98 billion, a P/E ratio of 61.38 and a beta of 0.46. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Chesapeake Energy’s quarterly revenue was down 57.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Equities research analysts predict that Chesapeake Energy will post 0.86 EPS for the current year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Chesapeake Energy Company Profile

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.