Chesapeake Energy Corporation (NASDAQ:EXE) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

EXE has been the subject of several analyst reports. Mizuho increased their target price on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Citigroup increased their price objective on shares of Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Bank of America initiated coverage on Chesapeake Energy in a report on Monday, October 28th. They issued a “buy” rating and a $114.00 target price for the company. Finally, UBS Group boosted their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th.

Chesapeake Energy Stock Performance

EXE opened at $92.36 on Thursday. Chesapeake Energy has a 1-year low of $69.12 and a 1-year high of $93.58. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 57.01 and a beta of 0.46. 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 announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.15. The business 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 firm’s revenue for the quarter was down 57.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 EPS. Equities analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 141.98%.

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.