Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $128.00

Chesapeake Energy (NASDAQ:EXE) had its price objective boosted by Mizuho from $110.00 to $128.00 in a report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

EXE has been the subject of a number of other reports. Bank of America began coverage on shares of Chesapeake Energy in a research report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Royal Bank of Canada increased their price objective on shares of Chesapeake Energy from $102.00 to $116.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. UBS Group upgraded Chesapeake Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $123.00 in a report on Monday, December 9th. Stephens increased their price target on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Moderate Buy” and an average price target of $111.71.

Chesapeake Energy Stock Down 2.3 %

EXE opened at $94.50 on Monday. The firm’s fifty day moving average is $92.75. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $101.27. The stock has a market capitalization of $21.84 billion, a P/E ratio of 58.33 and a beta of 0.52. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last issued 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. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same period last year, the company posted $1.09 EPS. Chesapeake Energy’s quarterly revenue was down 57.1% compared to the same quarter last year. On average, research analysts forecast that Chesapeake Energy will post 0.86 EPS for the current year.

Chesapeake Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 14th were issued a $0.575 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.30 annualized dividend and a yield of 2.43%. Chesapeake Energy’s dividend payout ratio (DPR) is currently 141.98%.

Insiders Place Their Bets

In related news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by 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.