Chesapeake Energy (NASDAQ:EXE) Research Coverage Started at Bank of America

Bank of America started coverage on shares of Chesapeake Energy (NASDAQ:EXE) in a research note issued to investors on Monday morning, StockNewsAPI reports. The brokerage issued a buy rating and a $114.00 target price on the stock.

A number of other analysts have also weighed in on EXE. UBS Group upped their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Citigroup increased their price objective on Chesapeake Energy from $90.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Stephens lifted their price target on shares of Chesapeake Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Roth Capital upgraded Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $96.50.

Chesapeake Energy Price Performance

EXE stock opened at $88.70 on Monday. Chesapeake Energy has a 52 week low of $69.12 and a 52 week high of $93.58. The stock has a market cap of $11.64 billion, a PE ratio of 29.94 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 2.16.

Chesapeake Energy (NASDAQ:EXE) last issued its earnings results on Monday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $378.00 million during the quarter, compared to analyst estimates of $556.35 million. Chesapeake Energy had a return on equity of 4.00% and a net margin of 8.68%. On average, analysts predict that Chesapeake Energy will post 1.3 EPS for the current fiscal year.

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.