Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $86.00 at Stephens

Chesapeake Energy (NASDAQ:EXE) had its target price upped by Stephens from $85.00 to $86.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities research analysts also recently issued reports on EXE. Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research report on Friday, September 27th. Citigroup upped their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 price objective on the stock. Finally, UBS Group upped their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.20.

Chesapeake Energy Price Performance

Shares of Chesapeake Energy stock opened at $83.66 on Wednesday. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $93.58. The company has a market cap of $10.98 billion, a P/E ratio of 51.64 and a beta of 0.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.00 and a quick ratio of 2.16.

Chesapeake Energy (NASDAQ:EXE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was down 57.1% on a year-over-year basis. As a group, analysts forecast that Chesapeake Energy will post 0.72 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is presently 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.