Mizuho Increases Chesapeake Energy (NASDAQ:EXE) Price Target to $110.00

Chesapeake Energy (NASDAQ:EXE) had its price objective increased by Mizuho from $105.00 to $110.00 in a research note published on Thursday, Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Stephens upped 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 note on Wednesday, October 30th. Citigroup boosted 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. Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a report on Friday, September 27th. UBS Group raised their price objective on Chesapeake Energy from $85.00 to $89.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Finally, Bank of America assumed coverage on Chesapeake Energy in a research note on Monday, October 28th. They issued a “buy” rating and a $114.00 target price on the stock. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Chesapeake Energy presently has an average rating of “Moderate Buy” and an average price target of $99.20.

Chesapeake Energy Trading Down 1.3 %

EXE stock opened at $83.66 on Thursday. Chesapeake Energy has a 1 year low of $69.12 and a 1 year high of $93.58. The company has a market cap of $10.98 billion, a P/E ratio of 51.64 and a beta of 0.46. The company has a quick ratio of 2.16, a current ratio of 2.00 and a debt-to-equity ratio of 0.20.

Chesapeake Energy (NASDAQ:EXE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.15. Chesapeake Energy had a net margin of 6.07% and a return on equity of 2.74%. The business 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 firm’s quarterly revenue was down 57.1% on a year-over-year basis. Research analysts forecast that Chesapeake Energy will post 0.72 EPS for the current fiscal year.

Chesapeake Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 2.75%. 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.