Chesapeake Energy (NASDAQ:EXE) Given New $100.00 Price Target at Wells Fargo & Company

Chesapeake Energy (NASDAQ:EXE) had its target price boosted by Wells Fargo & Company from $83.00 to $100.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday. Mizuho upped their price objective on shares of Chesapeake Energy from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Citigroup upped their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Roth Capital raised shares of Chesapeake Energy to a “strong-buy” rating in a research report 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. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.71.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock opened at $98.87 on Monday. The stock has a market capitalization of $22.85 billion, a PE ratio of 61.03 and a beta of 0.46. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $101.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last announced its 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 company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. 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 posted $1.09 earnings per share. As a group, equities analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a $0.575 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.33%. Chesapeake Energy’s dividend payout ratio (DPR) is currently 141.98%.

Insider Transactions at Chesapeake Energy

In other 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 completion of the transaction, the director now owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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.