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

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

Other equities analysts have also issued reports about the stock. Citigroup boosted their price objective 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. Stephens boosted 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 report on Wednesday, October 30th. Bank of America assumed coverage on shares of Chesapeake Energy in a research report on Monday, October 28th. They set a “buy” rating and a $114.00 price objective for the company. UBS Group upped their target price on shares of Chesapeake Energy from $85.00 to $89.00 and gave the stock a “neutral” rating in a report on Tuesday, October 8th. Finally, Roth Capital upgraded shares of Chesapeake Energy to a “strong-buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.00.

Chesapeake Energy Stock Down 1.5 %

Chesapeake Energy stock opened at $99.43 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.20. 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 has a fifty-two week low of $69.12 and a fifty-two week high of $101.27.

Chesapeake Energy (NASDAQ:EXE) last released its earnings results on Tuesday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $1.09 earnings per share. The business’s revenue was down 57.1% on a year-over-year basis. Sell-side analysts forecast that Chesapeake Energy will post 0.86 earnings per share for the current year.

Chesapeake Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 14th. Chesapeake Energy’s dividend payout ratio (DPR) is currently 141.98%.

About Chesapeake Energy

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.