Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $105.00

Chesapeake Energy (NASDAQ:EXE) had its target price hoisted by Wells Fargo & Company from $100.00 to $105.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on EXE. Royal Bank of Canada reaffirmed an “outperform” rating and set a $116.00 price target on shares of Chesapeake Energy in a research report on Tuesday, January 14th. JPMorgan Chase & Co. began coverage on shares of Chesapeake Energy in a research report on Thursday. They set an “overweight” rating and a $112.00 price target for the company. UBS Group raised Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Citigroup increased their target price on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Benchmark reissued a “buy” rating and set a $93.00 price target on shares of Chesapeake Energy in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.38.

Chesapeake Energy Stock Down 1.3 %

Shares of EXE opened at $106.36 on Thursday. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The company has a fifty day moving average of $98.82. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 65.65 and a beta of 0.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.00.

Chesapeake Energy (NASDAQ:EXE) last posted 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 the consensus estimate of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The firm’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, equities research analysts anticipate that Chesapeake Energy will post 0.89 earnings per share for the current year.

Chesapeake Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th were given a dividend of $0.575 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 annualized dividend and a dividend yield of 2.16%. Chesapeake Energy’s payout ratio is 141.98%.

Insider Activity at Chesapeake Energy

In other news, Director Catherine A. Kehr sold 43,623 shares of Chesapeake Energy 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 in the company, valued at approximately $517,915.58. This trade represents a 89.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

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.