Chesapeake Energy Corporation (NASDAQ:EXE) Receives Average Rating of “Moderate Buy” from Analysts

Chesapeake Energy Corporation (NASDAQ:EXE) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $102.00.

A number of research analysts have weighed in on EXE shares. Royal Bank of Canada upped their price objective on shares of Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday. Stephens upped their price target on Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Citigroup raised their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Roth Capital raised Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Mizuho lifted their price target on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st.

Chesapeake Energy Price Performance

Shares of EXE stock opened at $99.43 on Monday. The stock has a market capitalization of $22.98 billion, a PE ratio of 61.38 and a beta of 0.46. Chesapeake Energy has a 52-week low of $69.12 and a 52-week high of $101.27. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The business had revenue of $648.00 million for the quarter, compared to analyst estimates of $708.98 million. During the same quarter in the prior year, the firm posted $1.09 EPS. The business’s quarterly revenue was down 57.1% compared to the same quarter last year. As a group, sell-side analysts expect that Chesapeake Energy will post 0.86 EPS for the current year.

Chesapeake Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend 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.