Chesapeake Energy (NASDAQ:EXE) Posts Earnings Results, Beats Expectations By $0.02 EPS

Chesapeake Energy (NASDAQ:EXE) released its quarterly earnings data on Wednesday. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02, Zacks reports. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.82 billion.

Chesapeake Energy Stock Performance

Shares of Chesapeake Energy stock traded down $3.12 during trading hours on Thursday, hitting $99.31. The company’s stock had a trading volume of 1,090,225 shares, compared to its average volume of 2,755,876. The stock has a 50 day moving average price of $102.74. The firm has a market cap of $22.95 billion, a P/E ratio of 61.12 and a beta of 0.52. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $109.47. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20.

Analysts Set New Price Targets

Several research analysts have recently commented on EXE shares. Barclays boosted their price objective on Chesapeake Energy from $94.00 to $113.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Morgan Stanley started coverage on Chesapeake Energy in a research report on Friday, January 10th. They set an “overweight” rating and a $127.00 price target on the stock. TD Cowen initiated coverage on Chesapeake Energy in a report on Friday, January 17th. They set a “hold” rating and a $108.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Chesapeake Energy from $100.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. began coverage on Chesapeake Energy in a research note on Thursday, January 16th. They issued an “overweight” rating and a $112.00 target price for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.41.

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.