Chesapeake Energy Corporation (NASDAQ:EXE) Receives $96.50 Average Price Target from Brokerages

Chesapeake Energy Corporation (NASDAQ:EXE) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $99.20.

EXE has been the subject of a number of research analyst reports. Bank of America began coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 price target for the company. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. UBS Group upped their target price on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Citigroup lifted their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Stephens increased their target price on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th.

Chesapeake Energy Stock Up 6.6 %

Shares of NASDAQ:EXE opened at $92.36 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. The company has a market cap of $12.12 billion, a P/E ratio of 57.01 and a beta of 0.46. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $93.58.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. The firm had revenue of $648.00 million for 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 business’s quarterly revenue was down 57.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. On average, research analysts expect that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is 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.