Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $110.00

Chesapeake Energy (NASDAQ:EXE) had its price objective lifted by Mizuho from $105.00 to $110.00 in a research report report published on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the stock.

EXE has been the subject of several other research reports. UBS Group raised their price objective on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. 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 price objective for the company. Stephens raised their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Citigroup raised their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.20.

Chesapeake Energy Trading Down 1.3 %

Shares of Chesapeake Energy stock opened at $83.66 on Thursday. The stock has a market cap of $10.98 billion, a P/E ratio of 51.64 and a beta of 0.46. The company has a quick ratio of 2.16, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 12-month low of $69.12 and a 12-month high of $93.58.

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, topping analysts’ consensus estimates of $0.01 by $0.15. The business 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%. The firm’s revenue for the quarter was down 57.1% on a year-over-year basis. During the same quarter last year, the company posted $1.09 EPS. On average, analysts predict that Chesapeake Energy will post 0.72 EPS for the current year.

Chesapeake Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s payout ratio is currently 141.98%.

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.