Chesapeake Energy (NASDAQ:EXE) Issues Earnings Results

Chesapeake Energy (NASDAQ:EXE) posted its earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, topping 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%.

Chesapeake Energy Stock Performance

Shares of NASDAQ:EXE traded down $0.46 during midday trading on Wednesday, reaching $102.43. The company’s stock had a trading volume of 2,962,842 shares, compared to its average volume of 2,817,390. Chesapeake Energy has a fifty-two week low of $69.12 and a fifty-two week high of $109.47. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $102.58. The firm has a market capitalization of $23.67 billion, a price-to-earnings ratio of 63.23 and a beta of 0.52.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EXE. Wells Fargo & Company raised their price objective on Chesapeake Energy from $100.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. UBS Group lifted their price target on Chesapeake Energy from $119.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Mizuho upped their price objective on Chesapeake Energy from $110.00 to $128.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Piper Sandler assumed coverage on shares of Chesapeake Energy in a research report on Tuesday, January 28th. They set a “neutral” rating and a $96.00 target price on the stock. Finally, Scotiabank raised shares of Chesapeake Energy from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $105.00 to $130.00 in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Energy has an average rating of “Moderate Buy” and a consensus price target of $116.18.

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.