Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $128.00 at Mizuho

Chesapeake Energy (NASDAQ:EXE) had its price objective boosted by Mizuho from $110.00 to $128.00 in a research report report published on Monday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other analysts have also issued reports about the stock. UBS Group upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $94.00 to $123.00 in a research report on Monday, December 9th. Stephens upped their price objective on Chesapeake Energy from $85.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America initiated coverage on Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 target price for the company. Citigroup boosted their price target on Chesapeake Energy from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada increased their price objective on Chesapeake Energy from $102.00 to $116.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chesapeake Energy has a consensus rating of “Moderate Buy” and a consensus price target of $111.71.

Chesapeake Energy Trading Down 1.8 %

Shares of EXE stock opened at $96.71 on Monday. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $101.27. The company has a market cap of $22.35 billion, a P/E ratio of 59.92 and a beta of 0.52. The stock has a 50 day moving average price of $92.16. 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 EPS for the quarter, topping the consensus estimate of $0.01 by $0.15. The firm had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $708.98 million. Chesapeake Energy had a return on equity of 2.74% and a net margin of 6.07%. Chesapeake Energy’s quarterly revenue was down 57.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. Sell-side analysts predict that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Chesapeake Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 14th were given a $0.575 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.30 annualized dividend and a yield of 2.38%. Chesapeake Energy’s payout ratio is 141.98%.

Insiders Place Their Bets

In other news, Director Catherine A. Kehr sold 43,623 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 5,201 shares of the company’s stock, valued at $517,915.58. This represents 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 through this link. Insiders own 58.00% of the company’s stock.

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.