Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $132.00

Chesapeake Energy (NASDAQ:EXE) had its price objective raised by Mizuho from $128.00 to $132.00 in a research note issued to investors on Thursday morning, Marketbeat reports. They currently have an outperform rating on the stock.

A number of other research analysts have also commented on the stock. The Goldman Sachs Group assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 31st. They set a “buy” rating and a $121.00 price target for the company. Citigroup boosted their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Raymond James assumed coverage on shares of Chesapeake Energy in a research report on Tuesday, February 4th. They set a “strong-buy” rating and a $135.00 price target for the company. TD Cowen assumed coverage on shares of Chesapeake Energy in a research report on Friday, January 17th. They set a “hold” rating and a $108.00 price target for the company. Finally, Barclays boosted their price target on shares of Chesapeake Energy from $94.00 to $113.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.65.

Chesapeake Energy Price Performance

Shares of EXE stock opened at $98.88 on Thursday. The firm’s fifty day simple moving average is $102.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.00. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $109.47. The company has a market cap of $23.01 billion, a PE ratio of 61.04 and a beta of 0.52.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Wednesday, February 26th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. Equities research analysts anticipate that Chesapeake Energy will post 1.33 EPS for the current year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $2.30 annualized dividend and a yield of 2.33%. Chesapeake Energy’s payout ratio is -55.83%.

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.