Chesapeake Energy (NASDAQ:EXE) Price Target Raised to $116.00

Chesapeake Energy (NASDAQ:EXE) had its price objective boosted by Royal Bank of Canada from $102.00 to $116.00 in a research note issued to investors on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Stephens raised their price target on shares of Chesapeake Energy from $85.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Citigroup raised their price target on shares of Chesapeake Energy from $90.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. UBS Group lifted their price objective on shares of Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Mizuho lifted their price objective on shares of Chesapeake Energy from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

Chesapeake Energy Stock Performance

Chesapeake Energy stock opened at $99.43 on Friday. 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 has a 52-week low of $69.12 and a 52-week high of $101.27. The company has a market cap of $22.98 billion, a price-to-earnings ratio of 61.38 and a beta of 0.46.

Chesapeake Energy (NASDAQ:EXE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $708.98 million. During the same quarter last year, the business earned $1.09 EPS. The company’s revenue was down 57.1% compared to the same quarter last year. Equities analysts expect that Chesapeake Energy will post 0.86 earnings per share for the current fiscal year.

Chesapeake Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 14th will be given a $0.575 dividend. This represents a $2.30 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s payout ratio is currently 141.98%.

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.