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

Chesapeake Energy (NASDAQ:EXE) had its target price increased by Mizuho from $128.00 to $132.00 in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the stock.

EXE has been the subject of several other reports. The Goldman Sachs Group assumed coverage on shares of Chesapeake Energy in a research note on Friday, January 31st. They set a “buy” rating and a $121.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $116.00 price target on shares of Chesapeake Energy in a research note on Tuesday, January 14th. Citigroup increased their price target on shares of Chesapeake Energy from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. assumed coverage on shares of Chesapeake Energy in a research note on Thursday, January 16th. They issued an “overweight” rating and a $112.00 price target for the company. Finally, Morgan Stanley assumed coverage on shares of Chesapeake Energy in a research note on Friday, January 10th. They issued an “overweight” rating and a $127.00 price target for the company. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.65.

Chesapeake Energy Trading Up 1.1 %

Shares of NASDAQ:EXE opened at $98.88 on Thursday. The company has a market capitalization of $23.01 billion, a P/E ratio of 61.04 and a beta of 0.52. The company’s 50-day moving average price is $102.89. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. Chesapeake Energy has a 12 month low of $69.12 and a 12 month high of $109.47.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.82 billion. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. As a group, research analysts forecast that Chesapeake Energy will post 1.33 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, March 11th. 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.