Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $100.00

Chesapeake Energy (NASDAQ:EXE) had its price target upped by Wells Fargo & Company from $83.00 to $100.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts also recently issued reports on EXE. Stephens increased their price objective on shares of Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. UBS Group raised their price target on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, October 8th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. Mizuho raised their target price on Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Bank of America initiated coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 price target on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.71.

Chesapeake Energy Stock Down 0.1 %

Shares of Chesapeake Energy stock opened at $98.75 on Monday. Chesapeake Energy has a twelve month low of $69.12 and a twelve month high of $101.27. The firm has a market cap of $22.82 billion, a P/E ratio of 60.96 and a beta of 0.46. 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 (NASDAQ:EXE) last issued its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. The company had revenue of $648.00 million during the quarter, compared to the consensus estimate of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. The company’s revenue was down 57.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities research analysts expect that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

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 issued a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio is currently 141.98%.

Insiders Place Their Bets

In other Chesapeake Energy news, Director Catherine A. Kehr sold 43,623 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $99.58, for a total transaction of $4,343,978.34. Following the completion of the sale, the director now owns 5,201 shares in the company, valued at $517,915.58. The trade was a 89.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by company insiders.

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.